Green Cove Springs Block FLIP OR RENT

Description

Just eight minutes south of Green Cove Springs, off of Highway 17S, is this 2 bedroom, 1-bathroom concrete, block house. The property was completely updated after being purchased by the current owners back in 2016. Along with being fully updated, a new metal roof was installed within the last couple of years. A tenant is currently in place paying $750 per month.

Considering the renovations that have been completed, along with the newer roof, we are recommending working with the tenant to make any needed repairs and then increasing the rent to market. This option would minimize the amount of money in rehab and guarantee a good tenant that has already been in place for years.

The second option would be to move the tenant out, update the property, and resell it. For updates, we recommend painting the interior and exterior, cleaning up the yard, and updating the bathroom and the kitchen.

Concrete block homes at this price point and in a growing area are hard to come by.