4 Homes for under $200k

4 Homes for under $200k

10 bed 5 bath 3352 sq ft Built in 1931 Single Family
Login or register to unlock this property’s address.
56
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
6/20
Location of Neighborhood
Far Close
12/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located by the Jacksonville zoo is this opportunity to pick up 4 homes next to each other on the same street.  Three of the four homes are single-family and the fourth is a mobile home.  Two of the homes and the mobile are going to need a lot of work to get in living condition and the fourth will just need some minor updates to get rent ready.  All the homes have their own septic systems that work but haven't been serviced in some time.  There are three wells with two of the homes sharing a well.

This opportunity has multiple exit strategies rentals, Flip, or redevelopment.

One advantage of the rental option is the properties are all on the same street. Having 4 rentals on the same street will be easy management for any level of investor.  Once rehabbed, the units should rent for an average of $900 a month.  A breakdown of the unit mix is below.

The properties with a solid rehab would make for a nice flip option.  The price per square foot in the area is $132 to $155.   

This could also be a redevelopment play.  Building four new homes next to each other will hopefully help with both labor and material costs.  It is tough to find many homes at this price let alone four next to each other. 

1) 3 bedroom 1 bath 872 square foot SFR

2) 2 bedroom 1 bath 544 square foot SFR

3) 3 bedroom 2 bath 1104 square foot MH

4) 2 bedroom 1 bath 832 square foot SFR

The option to purchase 4 homes at this price with multiple options tends to move quickly, so call your EquityPro Advisor today.

Ask about this property
Log in/Register to ask about this property.

We recommend flip
Rental Income
$3,600 mo. / $43,200 yr.
Estimated Taxes
$2,600 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$33,300
Projected Income
10.25%
Estimated APY
$57,100
Projected Income
16.65%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.