Jacksonville Flip in Murray Hill Heights

Duval County, Jacksonville, FL, 32205
Sold
Listed at: June 27th, 2024
Price
$245,000
ARV
$375,000
Gross Margin
$130,000
Sq. Footage
1632
Type
Single-Family
Parking
Carport
Year build
1931
Lot size
0.13 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Located just outside the Historic Riverside area of Jacksonville, is this 2 bedroom 1 bathroom 1632 square foot single family home.  Some recent updates to the home are a newer roof, March 2015, and a newer AC system, August 2014.  Both the roof and AC are in good working condition, giving the new owner only cosmetic updates to complete.  We are suggesting refinishing the hardwood floors, updating the bathroom, giving the home a fresh coat of paint both inside and outside.  There is also a detached garage that will need some work in order to turn it into a workspace or storage space.  There is also an opportunity to add a 3rd bedroom which would attract more buyers or renters once updated.  

With an average closed price per square foot in the neighborhood of $254, we have put a conservative ARV of $375k, which is only $229 per square foot.  Another keynote, is that the just market value of the home is $244,860, giving the new owner the opportunity to purchase this home at a great price.

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Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Adrian Pagano

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Disposition manager