Jax Pad Split Opportunity
Jax Pad Split Opportunity
4 bed
2 bath
1792 sq ft
Built in 1940
Single Family
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Location of Neighborhood
16/20
Quality of Floor Plan
14/20
Placement in Neighborhood
7/10
Property Details
Located in the desirable Durkeeville neighborhood of Jacksonville, is this 4 bedroom 2 bathroom single family home. The home has 1792 square feet of living space and ample off-street parking which will attract buyers and renters alike. With the size of the house and current layout, we are recommending turning this property into a rent by the room house, aka Pad Split.
In order to maximize your rental numbers, we are suggesting adding 2-3 more bedrooms and adding a 3rd bathroom. Once these updates and modifications have been made, we feel that each room can rent for at least $150 per week per room. The home will also need a new roof, updates to the flooring, drywall preparation for the new walls, and the possible addition of a 3rd bathroom.
With a pro forma rental amount of over $3000 a month and instant equity, this home should make a great project for any level of investors. Call your EquityPro Advisor today before this opportunity is gone.