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Attention flippers, investors, and bargain hunters--this is the opportunity you've been waiting for! Situated in the Gillen neighborhood, this 3-bedroom, 1-bath home offers 1, 161 square feet of living space on a 0. 23-acre double lot measuring approximately 100 x 102 feet. Opportunities like this are getting harder to find, especially at this price point!
Built in 1916, this property is ready for a complete transformation. Whether you're looking for your next fix-and-flip project, a profitable resale opportunity, or a full-scale renovation, this property provides the perfect blank canvas to bring your vision to life. With city water and sewer already in place, you'll save valuable time and expense during the renovation process.
Probate to be completed. The double lot offers additional possibilities, including expanded outdoor living areas, additional parking, or future development potential. Surrounded by Jacksonville's growing investment activity, this property presents a rare chance to acquire one of the most affordable homes in the entire 32254.
This is not a project for the faint of heart--but for the right investor, the upside could be substantial. Properties at this price point don't stay available for long. Bring your contractor, run your numbers, and submit your best offer before this opportunity disappears!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $40,000 | $40,000 | $40,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.628% | 5.866% |
| Monthly Tax Payment | $110 | $110 | $110 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $240 | $253 | $329 |
| Total Monthly Payment | $425 | $438 | $514 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.