Investor · Castro Valley, CA · Member since 2015 · 11 posts · 5 votes
I'm thinking about purchasing single family homes in Jacksonville, Florida Interested in hearing thoughts on this area? Any particular area I should avoid? Thanks, Cheryl
I'm a wholesaler down here in Jax, there are many areas to buy in, and one street could be great and the next could be a warzone. If you would, could you share, what your ideal SFH would be, what are you looking to make on it?
I have included some of the better zip codes:
32256,32221,32210,32218,32207,32258,32246,32244. These are pretty decent areas.
Real Estate Transaction Engineer · Jacksonville, FL · Member since 2014 · 271 posts · 74 votes
11y
Hi Cheryl,
I295 is a loop around the city with downtown in the middle. I95 runs up the middle.
Heading East outside of I295, miles of beaches on the East side of Jacksonville, vary from smaller older homes to very ritzy. Along A1A the south beaches go to upper class homes as you travel South. Sawgrass TPC course is there.
As you head towards downtown (due West), from the beaches, you run into a good mix of homes. As you near downtown, you get more ghetto. That wraps the downtown area. However, there are some good spots for decent homes and neighborhoods.
NE/NW downtown is not good. I wouldn't even attempt unless you like dealing with less fortunate areas. SW /SE downtown is better, but still has some ugly spots.
As you near I295 out of downtown, Southside is decent. West side is growing and decent. SW and NW areas I'm not familiar with but may be decent and growing.
The Jacksonville International Airport is North of the I95/I295 northern intersection. Some good homes out there. Homes in the south I95/I295 intersection is sparse, but could find some nice deals. Never been West outside of I295. East are the beaches.
I'm a wholesaler down here in Jax, there are many areas to buy in, and one street could be great and the next could be a warzone. If you would, could you share, what your ideal SFH would be, what are you looking to make on it?
I have included some of the better zip codes:
32256,32221,32210,32218,32207,32258,32246,32244. These are pretty decent areas.
You've received some great insight into the Jacksonville market from some locals.
I would also suggest that you connect with @Jeff Riber. He's an active investor & agent in Jacksonville and will have some great insights into the market.
Here are a few tips to help you get the most out of BP:
Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other California investors:).
Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.
Investor · Castro Valley, CA · Member since 2015 · 11 posts · 5 votes
11y
Thank you all. I'm looking to buy and hold so decent areas with low vacancy rates are most important . Interested in cash flow not flip. Andrew, do you have a contact number for Jeff Riber? Thanks again
Jacksonville is a good area for buy and hold. I have several properties there myself. I bought them all through a turnkey company there (I live in Oregon) that has also provided really excellent property management. All my properties are in the zip codes mentioned above.
Jacksonville is a good area for buy and hold. I have several properties there myself. I bought them all through a turnkey company there (I live in Oregon) that has also provided really excellent property management. All my properties are in the zip codes mentioned above.
hi Larry, what kind of cap rates are you getting? And are these SFHs mainly? Thanks!
hi Larry, what kind of cap rates are you getting? And are these SFHs mainly? Thanks!
Hi Hersh -- it will vary by area but typically a three-bedroom single-family detached home in most areas will have cap ates in the neighborhood of 8%. You can probably get more in some cases. Most of the properties we see today or in the low 8% range. You can get higher cap rates in the lower-priced more marginal areas but I don't recommend you invest there.
We have spent most of our focus in Southwest Florida where price points are usually over $100,000 and rent-to-value ratios are in line with 1%. That market has heated up considerably over the last few years. However, you can find a decent number of duplexes where the numbers are a little better.
Residential Real Estate Agent · Jacksonville, FL · Member since 2014 · 16 posts · 3 votes
11y
Hey, I am a property manager and I work in the Jacksonville area. The comments that are listed above are great and the areas are amazing for rental tenants. Areas in the 32204, and parts of 32205 are hard to come by because of them being the "hip and trendy" areas at the moment. Murray Hill is a great area and we manage a few homes in that area currently. Also San Marco and St. Nicholas areas are great (32207). They offer great multi family units and St. Nicholas area also has great single family homes as well. I'd love to chat with you more about what Jacksonville has to offer.
I'm thinking about purchasing single family homes in Jacksonville, Florida Interested in hearing thoughts on this area? Any particular area I should avoid? Thanks, Cheryl
Any information on the budget or how much you want to splash? There are quite a few deals.
Jacksonville, FL · Member since 2013 · 226 posts · 115 votes
11y
Great infomation on Jax market here! If you interesting in New Construction; North side by the airport and St Johns County are super hot right now. St Johns county schools are some of the best in the country and they are building a whole new town (Nocatee) right now. The north side is close to the airport/Jax port and is really getting built up with new commercial and residential.
West Orange, NJ · Member since 2015 · 12 posts · 5 votes
11y
Just joined BP and have to say this is a really great community. The info here about Jacksonville is really helping me out.
To add to this info I found this really helpful analysis that shows gentrification of very specific areas: http://www.governing.com/gov-data/jacksonville-gentrification-maps-demographic-data.html
I do have an additional question however. What are your thoughts on Condos vs SF for rentals in the area. More specifically, do you believe condos will rent as well as SFs?
Rental Property Investor · Providence, RI · Member since 2018 · 6 posts · 3 votes
8y
Hello all...I'm a new investor to the Jacksonville market. I bought a single family home in late December, which is now undergoing rehab. Any recommendations for good realtors, property managers or turn key companies? I'm looking at lower end homes. I'm interested in buy and hold for rental income. Thanks
Hey, I am a property manager and I work in the Jacksonville area. The comments that are listed above are great and the areas are amazing for rental tenants. Areas in the 32204, and parts of 32205 are hard to come by because of them being the "hip and trendy" areas at the moment. Murray Hill is a great area and we manage a few homes in that area currently. Also San Marco and St. Nicholas areas are great (32207). They offer great multi family units and St. Nicholas area also has great single family homes as well. I'd love to chat with you more about what Jacksonville has to offer.
Hey, I am looking at a duplex in 32205 now. What do you say about that area in terms of neighborhood, vacancies, rent rates? Which property management company do you work with?
I'm thinking about purchasing single family homes in Jacksonville, Florida Interested in hearing thoughts on this area? Any particular area I should avoid? Thanks, Cheryl
Hi Cheryl! I’m in California looking into Jacksonville now. Any luck in the area?