Additional Details

• Important Details: --> Vacant at closing! --> 5/2 CBS home (4/2 on tax roll)
• Features: CBS home in Jax! This 5 bedroom, 2 bathroom cbs home features 1,268 sqft of living area with an attached carport. Property sits on a 0.18-acre lot in quiet residential area, walking distance to local schools and minutes from downtown Jacksonville. Property is being offered vacant at closing!
• Potential ARV: $200,000 - $225,000
• Estimated Rehab: $30,000 - $50,000
• Rehab Description: For a flip or a rental, only a basic cosmetic rehab is needed. Upgrade kitchen and bathrooms, install new flooring and apply fresh paint throughout. A new water heater may be needed. Roof is newer and appears to be in good condition. Carport roof may need attention. Central HVAC and electrical in good working condition. Finish the renovation by pressure washing and painting the exterior and doing some landscaping to boost appeal.
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,400
• Construction: CBS
• Comp 1: 2402 Lantana Ave, Jacksonville, FL 32209 (4/2, 1253 sqft) PENDING for $225k (1955 build, updated, carport)
• Comp 2: 4259 CARROLL DR, JACKSONVILLE, FL 32209 (3/1, 1080 sqft) SOLD for $195k in FEBRUARY (1965 build, 4-sided brick, updated, carport)
• Comp 3: 5529 Minosa Cir E, Jacksonville, FL 32209 (3/2, 1934 sqft) PENDING for $250k (1958 build, bigger but dated, pending in 17 days)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab