🏡 Investment Opportunity in Jacksonville, FL

📍 Property Details:

• Bedrooms/Bathrooms: 4 Bed / 2 Bath / Attached Garage
• 📏 Livable Area: 2,223 sqft (per tax records)
• 📏 Lot Size: 0.78 acres (~33,977 sqft)
• Year Built: 1970 (Block Construction)
• Asking Price: $200,000
• ARV (After Repair Value): $350,000
• EMD (Earnest Money Deposit): $5,000
• COE (Close of Escrow): 11/6/24

📸 Link to Photos:

Property Photos

🔑 Key Features:

• Spacious Home: With over 2,200 sqft of living space, this 4-bedroom, 2-bath home offers a comfortable layout for a family or potential rental property.
• Large Lot: The 0.78-acre lot provides plenty of outdoor space for expansion or landscaping upgrades.
• Block Construction: Built in 1970, the block construction adds durability and stability to the home.
• Potential Upside: With an ARV of $350,000 and an asking price of $200,000, this property presents a significant margin for investors or homeowners looking to add value through renovations.

📊 Financial Breakdown:

• 💲 Asking Price: $200,000
• 💲 ARV: $350,000
• 🏷️ Potential Profit Margin: Up to $150,000 depending on renovation costs and resale price.

📝 Comparable Sales (Comps):

1. 10915 Grayson St
   • Sold for $345,000 on 12/23
   • 3 beds / 2 baths / 1,883 sqft / Built 1996
   • Condition: Fairly Updated, Block Construction

💡 Investment Highlights:

• Value-Add Opportunity: At $200,000, this property is priced well below its $350,000 ARV, offering room for significant improvements and profit.
• Strong Comps: Similar homes in the area have sold for $345k, indicating a strong market for updated properties of similar size and condition.
• Large Lot: The expansive 0.78-acre lot offers opportunities for outdoor enhancements, additional structures, or even future expansions.

💼 Conclusion:

This 4-bed, 2-bath home at 10377 Grayson St in Jacksonville is a compelling investment for those looking to renovate and capitalize on the significant upside potential. With an ARV of $350,000 and strong comparable sales, this property is priced attractively at $200,000, offering an excellent opportunity to generate a substantial return.

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but not guaranteed. Buyers should conduct their own due diligence.