Additional Details

• Important Details: --> 30 day post occupancy with a $10k Escrow holdback --> HOA is $296/MO (Covers exterior/amenities/common areas) --> Rental must be a 12-month Lease
• Features: Easy flip or long-term hold opportunity under $120K in Jacksonville with projected rents in the $1,500–$1,600/month range. This 3/2 condo built in 2009 offers strong upside with light cosmetic updates to help it stand out against similar-condition units in the community. With the HOA covering exterior, amenities, and common areas, expenses remain predictable while you focus on interior improvements. Conveniently located just minutes from I-95 and I-295, UNF, FSCJ Deerwood Campus, St. Johns Town Center, downtown Jacksonville, and the beaches, this property offers both lifestyle appeal and strong rental demand, making it a versatile play for a flip or steady long-term cash flow under the 12-month lease requirement.
• Potential ARV: $185,000-$195,000
• Rehab Description: For a rental or to maximize on the resale market, it is recommended to complete light cosmetic updates including replacing the flooring, fixtures, vanities, and toilets, along with a fresh interior paint job. Finish with a thorough deep clean and the unit will be market-ready to attract strong tenants or competitive resale offers.
• Comparable Rent: $1500-$1600/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 4920 Key Lime Dr Unit 202, Jacksonville, FL 32256 3/2 1145 SQFT 2009 Build SOLD @ $191,000 1/12/26 (Same 2nd floor unit/some updates)
• Comp 2: 4950 Key Lime Dr Unit 306, Jacksonville, FL 32256 2/2 1101 SQFT 2018 Build SOLD @ $165,000 10/17/25 (Smaller 2-bed unit/carpet with some updates)
• Comp 3: 4908 Key Lime Dr Unit 301, Jacksonville, FL 32256 3/2 1145 SQFT 2009 Build SOLD @ $150,000 10/14/25 (Same unit/in our condition cleaned up)
• Comp 4: 8218 GREEN PARROT Road #101, Jacksonville, FL 32256 3/2 1145 SQFT 2007 Build SOLD @ $178,000 6/2/25 (Same unit/in our condition cleaned up)
• Comp 5: 4950 Key Lime Dr Unit 208, Jacksonville, FL 32256 3/2 1145 SQFT 2018 Build SOLD @ $210,000 3/21/25 (Same unit/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money