Class B/C Neighborhood In Jacksonville, Fl
Looking to invest in Jacksonville, Florida.. I can’t seem to figure out what would be considered Class B and Class C neighborhoods any body have any thoughts or suggestions on this? .. I did read several forums that say avoid zip code 32209… Thanks!
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#1 Creative Real Estate Financing Contributor
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@AnnMarie Bacchus thanks for the post. Invested in Jacksonville, Florida for many years.
This is the BRRRR Method forum so I'll address this from that perspective. Class C is what we want to focus on primarily. I mean, you can do what you want...but the working class people that we want as tenants rent in "Class C" neighborhoods. This is BELOW the median price point - in Jacksonville that's $310,000 - and we want 3br 2ba homes. So, if you filter your settings to those parameters then you will find what you need.
Some areas of 32209 are not too bad. I've shopped for investors there. I actually recently wrote about the zip code - not sure I can post a link here. As of that article (June) the average 3/2 was $159k, with the average rents for such at $1380. I suspect the sale price point is a little lower now. I saw some decent rental grade stuff for low 100's.
For reference, HUD pays $1210 for a 3 bed, $1530 for a 4 bed in that zip.
I would personally call that a C/D area, but south of that is a little better. The neighborhoods in west side range so much. If you want B and above in Jax, you really should be east of the river, or along it, but not downtown lol.
I could go on, and on and on lol, but I guess without knowing what you're after and at what price point, kind of a moot point. If you need help, feel free to reach out.
