$58,000 · JACKSONVILLE, FL 32254
Works for flippers · Works for landlords

Available

$58,000Asking price

2 bd · 1 ba · 924 sq ft · built 1993

JACKSONVILLE, FL 32254

Contract on file

via InvestorLift Classic

1 view · listed Oct 20

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $240,000
Asking price: −$58,000
RepairsMiddle of the seller’s $15,000 – $20,000. Ours: $39,000 – $65,000: −$17,500
Loan, holding, closing20% down, 12% interest, 2 points, 67 days: −$10,890
Profit64.0% of ARV · flippers want 10%+: $153,610
Works

Works for a flipper up to $179,000.

PRESIDENTIAL DIGS REAL ESTATE

Derek Patterson

No reviews yet

Comps

Sales

Rents

ARV $240,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $58,000.

The sales behind this value are shown to members.

ARV $240,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRESIDENTIAL DIGS REAL ESTATE

Derek Patterson

No reviews yet

Seller Description

2 ADJACENT RESIDENTIAL PARCELS + 2/1 MOBILE HOME, WESTSIDE JACKSONVILLE (32254)

PRICE: $65,000 cash, both parcels, as-is. Assignment of contract (property is under contract).

THE PROPERTY- 2 bed / 1 bath, 924 sf mobile home (built 1993) on the main parcel- Adjacent vacant residential lot, sold together (both parcels ~0.23 acres combined, ~5,000 sf each)- Needs work. Utilities currently off (JEA power and water). No HOA. No survey.- Interior photos in the Drive link below.

WHY IT PENCILS1) BUILD / INFILL: Lots on the next street (Wabash Blvd) have been built out with new 1,196 sf 3/2s on ~4,900 sf lots, the same size as these. Recent sales: $245,012 (Dec 2024), $243,020 (Jan 2026), $245,020 (May 2026). The nearby lot sold for $10K in 2019, so lot cost is low relative to the finished product.2) REHAB / FLIP: Same-neighborhood comp: 938 sf 2/1 mobile home on Chenango Blvd, bought by an investor at $49,750 (Sep 2025) and resold at $99,500 11 days later after rehab.3) HOLD / RENT: Renovated 2-bed mobile homes in the area rent around $1,000-$1,150/mo.

BUYER DUE DILIGENCE- Zoning, placement/permitting and flood-zone requirements (property is in FEMA zone AE) are for the buyer to verify.- Sewer vs. septic and mobile home title status to be confirmed.- Proof of funds required before address and showing details are released.

PHOTOS: https://drive.google.com/drive/folders/1Y16YrXCiCxR2gYs0iTLXLF9oFpTtHf_C?usp=sharingSend your best offer. Offers reviewed daily.