Off-Market Jacksonville Flip

🏡 3/3 SFH With Large Lot

🛠️ Cosmetic Rehab Opportunity

Buy: $183,000
ARV: $300,000

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View Pictures: https://drive.google.com/drive/folders/1lfrVL4rG0lZ_4XxrZH3aTgwt7KTX2lNI?usp=sharing

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Key Features:

• 🏡 3 beds, 3 bath
• 📏 Lot size: 10,428 sqft
• 🔥 Heating: Forced air
• ❄️ Cooling: Central
• 🛋️ Flooring: Carpet, Hardwood
• 🏠 Roof: Asphalt

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Property Details

An investor-friendly single-family home with 3 bedrooms and 3 bathrooms in Jacksonville, FL is available for just $183,000, and it is expected to have an after repair value (ARV) of $155,000. The property is currently vacant and is ready for minor renovations. It includes central A/C, carpet, hardwood flooring, and an asphalt roof, providing great value for the price.

Comps:

5825 CASTELLANO Avenue, Jacksonville, FL 32208
Sold on 09/25/24 $300,000

8440 CONCORDE Boulevard W, Jacksonville, FL 32208
Sold on 04/23/24 $325,000

8440 Concord Blvd W, Jacksonville, FL 32208
Sold on 09/04/24 $325,000

Investor Analysis

This home presents an appealing investment opportunity, with a significant potential for future appreciation. 

Investment Strategies:

Given the significant potential for value appreciation, the ideal strategy for this property is a fix-and-flip approach:

Fix-and-Flip: Renovate and sell with an ARV of $300K, but manage renovation costs carefully due to the modest profit margin.

Hybrid Approach: Renovate, rent for cash flow, and sell later when property values appreciate for both income and capital gains.

Conclusion: This property is ideal for an investor looking for a relatively low-cost entry into the rental market with the potential for strong rental income.  The buy-and-hold strategy seems the most promising, offering steady rental income with a reasonable cash-on-cash return. Be mindful of the extent of light renovations and future maintenance on the roof and flooring when calculating your potential return.

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DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Costs are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.