Hillcrest Buy & Hold OR Flip Opportunity
Wholesale Price of $94,900
As-is value $110,000
ARV $163,000
Tenant occupied – current rent is $775 and leased until January. Rents for similar houses with new paint/flooring and cleaned up will go for $1100-$1200/month (Zillow shows ~ $1,225/month)
1105 Labelle Street Jacksonville, FL 32205
Contact us today at (904) 299-8961
Concrete Block Buy&Hold Rental or Flip in the Hillcrest neighborhood of Lakeshore with 2016 Roof, Close to nearby restaurants and shopping in Riverside and convenient location to Downtown!
Has lots of potential and with a light rehab budget rents will bring in $1100-$1200/month OR complete additional rehab to flip with an ARV of $163,000.
PROPERTY INFO:
-3 bed 2 bath, 1,410 sqft.
-New roof in 2016
-Established neighborhood of Hillcrest
-Lots of New Home construction nearby, increasing all property values
-Lot size 7,500 sqft.
-Perfect rental property opportunity for a BRRR (Buy, Rehab, Rent, Refinance cash out)
Wholesale Price of $94,900
$2,500 Non-Refundable earnest money required to secure property.
The buyer pays all closing costs and 2019 property taxes
CALL TO RESERVE THIS PROPERTY (904) 299-8961
Comparables:
– 5248 Plymouth St Jacksonville, FL 32205 4 beds 2 bath 1,362 sqft SOLD: $163,950 Sold on 05/06/19 ($120/sqft)
– 5425 Kingsbury St Jacksonville, FL 32205 3 beds 1 bath 1,274 sqft SOLD: $152,000 Sold on 06/18/19 ($119/sqft)
Email: FixJaxUp@gmail.com
Web: www.FixJaxUp.com
Realtors: Please note that the wholesale price does not include your commission. You may want to negotiate a commission or increase the wholesale price to include your commission.
Disclaimer: Determining value is the buyer’s responsibility. Buyer must do their own due diligence, evaluation and inspection prior to making an offer. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value. Some of our properties are occupied. Please call to setup viewing appointment, please do not disturb occupants. All properties are sold in as-is condition. The above and all homes listed herein are owned or under contract. We acquire properties and sell some of them wholesale to other investors. Prices are based on a swift projected closing date at 7 days or less using cash or hard money only.