$165,000
Pending · 21 days on market · MLS# MFRT3529408
| Bedrooms | 3 |
|---|---|
| Bathrooms | 1.5 |
| Living area | 1,530 sq ft |
| Lot size | 0.22 acres |
| Year built | 1949 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $3,035 |
| County | Duval |
Under contract-accepting backup offers. 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.
Listing courtesy of Rod Banks, ANCHOR FLORIDA REALTY LLC. Presented by MC Homes Realty Inc · 727432218.