RARE JACKSONVILLE COSMETIC FIXER | BUY @ $73 SQFT ——> SELL @ $150 SQFT💰

Description

🏡ADDRESS: 857 REYNOLDS LN JACKSONVILLE FL 32254🏡
SPECS:
🛏️: 3 Bed
🧻: 2 Bath
🏡: 1,968 Sqft
🌲: 22,919 Sqft

Property is in Need of a cosmetic rehab, seller replaced the HVAC less than 3 years ago. Age of the roof is unknow, the last permit on file with the county was pulled in 2002 (roof replacement taken into account of asking price & rehab estimate)

Key Aspects:

Property can be flipped as is but there is enough sqftage to make additions which could potentially yield a higher multiple when selling the property or refinancing.

Massive investor activity in the area…. around this property in the last 3/mo multiple investors have finished projects and sold very quickly on market.

Last thing to take into consideration is the timeline… Based on an average turn around this property can be back up on the market in 90-120 days which will put you right into one of the best times of the year to sell property.

COMPS:

5073 COLUMBUS Avenue, JACKSONVILLE, FL 32254 – SOLD 9/22/23 224k 1,248 sqft – ($179 SQFT)
5231 BROADWAY Avenue, JACKSONVILLE, FL 32254 – SOLD 7/28/23 210k 1,112 sqft – ($188 SQFT)
817 DENNISON Street, JACKSONVILLE, FL 32254 – SOLD 200k 11/17/23 1,092 sqft – ($183 SQFT)
3416 Greenbrier Dr Jacksonville, FL 32254 – PENDING 183k 3/1/1,014
3129 Sunnybrook Ct Jacksonville, FL 32254 – PENDING 179k 900 sqft
3051 Columbus Ave Jacksonville, FL 32254 – SOLD 240k 4/2/1,698 sqft 10/27/23 ($141 SQFT)
5073 Columbus Ave Jacksonville, FL 32254 – SOLD 9/22/23 224k 4/2/1,248 sqft ($179 SQFT)
3505 Westwood St Jacksonville, FL 32254 – SOLD 7/25/23 3/2/1,464 215k ($146 sqft)
817 Dennison St Jacksonville, FL 32254 – SOLD 11/17/23 200k 3/2/1,092 ($183 sqft)
5147 Abel Ln Jacksonville, FL 32254 – SOLD 10/19/23 3/1/1,296 195k ($150 SQFT)
AVERAGE SALES PRICE: $168 SQFT
ASKING: $67 SQFT