Great opportunity on the west side of Jacksonville, FL in the desirable Argyle Forest area. This 1,100 sf, concrete block, 3/2 is in need of some love, but sits on a very large lot (~3/4 acre) and is currently rented at $900 per month. You can keep the tenant in place and let it cash flow for a while, or let them move on and set yourself up with a nice retail flip. There is a bonus room that is currently being used as a fourth bedroom, and there is opportunity to expand the layout to maximize your square foot retail price. The sale comps in the area are as high as $133 per square foot, and rental comps range from $1,100 - $1,600 on much smaller lots.
The home will be available to inspect on Monday, May 14, 2018 from 2:00-4:00 PM, so bring your contractor and take your time deciding before you commit. |