Additional Details

• Features: Dual-threat in Jax! This 2 bedroom, 1 bathroom home features 764 sqft of living space, including a bonus room, a wood deck, and a detached shed. The property sits on 0.18 acres in a non-deed-restricted community. Being offered with month-to-month tenants in place paying $650/month. Located in West Jacksonville inside the Beltway and just a short drive to downtown!
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $100,000-$120,000
• Rehab Description: For a flip or rental, this needs cosmetic updates to the kitchen, bath, flooring, and trim/fixtures. Roof is dated but shows no apparent signs of visible leaking. Soffits may need some attention. Central AC is in good working condition. Some exterior siding needs attention. Deep clean the interior, pressure was the exterior, and apply fresh interior/exterior paint to round out the renovations. Optionally, convert the bonus room to a 3rd bedroom to increase value and appeal.
• Estimated Rehab: $20,000-$30,000
• Comparable Rent: $950
• Construction: Frame
• Comp 1: 1052 Detroit St, 2/1 728 sqft, Sold 1/4/23 @ $90,000 (Dated with tenants in place)
• Comp 2: 3141 Broadway Ave 2/1 870 sqft, Sold 10/14/22 @ $112,000 (Clean, rental ready)
• Comp 3: 3023 Detroit Cir E 2/1 725 sqft, Pending @ $118,500 (Clean, Tenant occupied)
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab