Additional Details

• Important Details: --> VACANT on lockbox! --> Corner lot! --> 4-sided brick
• Features: New deal in Jax! This 2 bedroom, 1 bathroom cbs home features 844 sqft of living space with an enclosed den. Located in the quiet Panama Park neighborhood, right across the street from May Mann Jennings Park. Being offered vacant on lockbox, ready for work to begin immediately. This is a solid investment property for a flip or rental, being offered at less than comparable cash investor sales. Don't miss out on this one!
• Potential ARV: $135,000 - $150,000
• Rehab Description: For a flip or rental this needs cosmetic updates to the kitchen, bathroom, flooring, and trim/fixtures. Start with a trash out and deep clean. Apply fresh interior paint throughout. Replace one rear window and optionally replace the rest to match. Replace the roof and central HVAC. Electrical panel replaced with a permit in 2009 and plumbing connected to sewer with a permit in 2007. Power wash and paint the exterior and do some landscaping to boost appeal. Remove and optionally replace the detached garage/shed.
• Estimated Rehab: $40,000 - $50,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,200
• Construction: Frame/4-sided brick
• Comp 1: 224 E 45th St, Jacksonville, FL 32208 3/1, 784 sqft SOLD $175k in JUNE (1946 build, updated)
• Comp 2: 432 E 45th St, Jacksonville, FL 32208 3/1, 1010 sqft SOLD $140k in JULY (1928 build, framer, updated)
• Comp 3: 379 E 44th St, Jacksonville, FL 32208 2/1, 1066 sqft SOLD $135k in MAY (1941 build, updated)
• Comp 4: 32 E 45th St, Jacksonville, FL 32208 2/1, 988 sqft SOLD $80k in AUG - cash investor sale (1940 build, distressed condition)