Investor\'s Delight: Flip or Rent in Jacksonville, Florida

Gailwood Cir N, Jacksonville, FL 32218

$250,000 After Repair Value -
$148,900 Asking Price -
$0 Cost of Repairs =
$101,100 Potential Profit

Property Details

Asking Price $148,900

After Repair Value $250,000

Costs of Repairs $0

Potential Profit $101,100

Living Area 1,554 ft2

Property Type Unknown

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

This single-family home on Gailwood Cir N. in Jacksonville, Florida, presents a compelling real estate opportunity. Here are some key details about the property:Generous Living Space: With 3 bedrooms and 1.5 bathrooms, this home offers 1,554 square feet of living space, providing room for comfortable living and potential for customization.Year Built: The property was constructed in 1969, which may reflect the architectural styles and features of that era. Renovations can enhance its appeal and value.Single-Family Home: As a single-family home, it offers privacy and the benefits of a standalone property.Purchase Price: At a purchase price of $148,900, this property represents a potentially lucrative opportunity for real estate investors looking to renovate and either flip for profit or hold as a rental.ARV and Comps: The After Repair Value (ARV) of $250,000 and comparable sales (comps) ranging from $252,000 to $245,000 suggest the potential for a profitable investment, provided the necessary renovations are completed effectively.Location: The property\'s location is a crucial factor in real estate, so it\'s important to assess its proximity to amenities, schools, transportation, and other factors that can influence property value.This property\'s relatively low purchase price compared to its ARV and comps makes it an intriguing opportunity for investors, but it\'s essential to conduct a thorough inspection and renovation cost analysis to determine the feasibility of your investment goals. Additionally, consult with a local real estate agent for the most up-to-date information and to assess the property\'s condition and potential.


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