Additional Details

• Features: Historic home in Eastside Jacksonville just minutes from TIAA Bank Field! This 2 bedroom, 1 bathroom historic from home from 1899 features 1024 sqft of living space and raw potential. Being offered vacant at closing in a non-deed-restricted community, ready for immediate renovations. Located 1.2 miles from the home of the Jacksonville Jaguars, this home is a 20-minute walk to the stadium or a 5-minute car ride to the Metropolitan Park overlooking the St Johns River. Excellent short-term or long-term rental potential!
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $85,000-$100,000
• Estimated Rehab: $45,000-$60,000
• Comparable Rent: $900/month
• Construction: Frame
• Rental Comp 1: 1901 REDELL ST, JACKSONVILLE, FL 32206 (2/1, 996 sqft) LEASED $1350/month (1924 build, frame, renovated)
• Rental Comp 2: 1726 BUCKMAN ST, JACKSONVILLE, FL 32206 (2/1, 912 sqft) LEASED $1025/month (1919 build, frame, renovated)
• Rental Comp 3: 546 VAN BUREN ST, JACKSONVILLE, FL 32206 (3/1, 1152 sqft) LEASED $1150/month (1914 build, frame, renovated)
• Rental Comp 4: 552 PIPPIN ST, JACKSONVILLE, FL 32206 (2/1, 973 sqft) ACTIVE $944/month, 5 DOM (1933 build, frame, renovated)
• Flip Comp 1: 842 N WASHINGTON ST, JACKSONVILLE, FL 32206 (3/1, 842 sqft) SOLD $118k in DECEMBER 2022 (1969 build, frame, renovated)
• Flip Comp 2: 1007 FRANKLIN ST, JACKSONVILLE, FL 32206 (3/1, 950 sqft) SOLD $92k in NOVEMBER 2022 (1971 build, frame, dated)
• Rehab Description: For a rental, this property needs a full renovation. Gut the property and renovate the flooring, kitchen, bath, and all trim/fixtures/windows. Roof is dated and needs replacing. Window units need replacement. Electrical, plumbing, exterior siding, and the foundation needs attention.
• Occupancy: Call your Agent
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab