3025, West 16th Street, Jacksonville, Florida, 32254
Cancelled $79,990
Additional Details
- Important Details: --> VACANT AT CLOSE -->2021 Roof
- Features: New Jax Deal! This 3 bedroom,2 bathroom home features 1,225 sqft of living area and with a new roof installed in 2021. Property sits on spacious lot. Property is in quiet residential area within walking distance to Hammond Park and 10 minutes from downtown Jacksonville. Multiple exit strategies as a classic flip or as a cash-flowing rental. Don't miss this one!
- Potential ARV: $170,000-$190,000
- Rehab Description: For a flip or rental it is recommended to convert to a 4-bedroom, 2-bathroom layout. On the outside the roof has been replaced with permits in 2021. The ac unit needs to be replaced. Update the flooring, kitchen, bathrooms, trim, and fixtures. Deep clean, apply fresh interior/exterior paint, and do some landscaping to boost value and appeal.
- Estimated Rehab: $50,000-$60,000
- Comparable Rent: $1300-$1400/MO
- Ideal Investment Strategy: Resale/Rental
- Construction: CBS/FR
- Comp 1: 3152 W 19TH St, Jacksonville, FL 32254 3/1 946 SQFT 1970 Build PENDING $160,000 (14 days on the market) (Smaller/dated/clean with some updates)
- Comp 2: 3104 W 16TH Street, Jacksonville, FL 32254 3/2 1139 SQFT 1950 Build SOLD @ $192,000 09/06/24 (Smaller/fully updated)
- Comp 3: 3062 W 15TH Street, Jacksonville, FL 32254 3/2 1218 SQFT 1951 Build SOLD @ $165,000 07/08/24 (Clean/some updates)
- Comp 4: 2980 W 16TH Street, Jacksonville, FL 32254 3/2 1210 SQFT 1965 Build SOLD @ $165,000 05/22/24 (Clean/some updates)
- Hard Money- Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab