Property Description

MULTIPLE OFFERS - HIGHEST AND BEST REQUIRED • This 1949 block-built investment opportunity features three bedrooms, 1.5 bathrooms, and a private pool on a large lot—priced below market value due to needed rehabilitation. Situated just east of downtown Jacksonville across the St. Johns River, the property offers substantial upside potential in a high-accessibility location near major highways and the University of North Florida. Investment Highlights - Below-Market Entry Point: Priced to reflect required updates and repairs, offering immediate equity potential post-renovation. Durable Construction: Block structure provides long-term stability; roof replaced in 2018. • Mechanicals: HVAC system installed in 2014; air handler currently non-functional—budget for repair or replacement. Deferred Maintenance: Full interior modernization opportunity—kitchen, bathrooms, flooring, and electrical/plumbing systems can be upgraded to current standards. Exterior & Site: Block damage at the rear requires tuckpointing or section repair; large lot allows for expansion, accessory dwelling unit (ADU), or landscape redesign. Pool: An existing pool adds value for rental appeal or future resale—inspect the equipment condition and code compliance. Location & Market Advantages: Minutes from downtown Jacksonville and UNF—strong demand for rental housing from students, professionals, and medical personnel. Easy access to I-10, I-95, and US-17 enhances commuter appeal. The area shows steady appreciation amid increasing redevelopment activity—ideal for a value-add strategy. Recommended Strategy - Perform a complete renovation to modernize interiors and repair structural elements. Target long-term rental, short-term rental (if zoning permits), or resale after rehab. Leverage low acquisition cost to maximize ROI with disciplined renovation budgeting.

Property Details