Check out this single family home that is less
than a mile away from waterfront for less than $25,000 in
Florida. This isn't land...it's a real house too.
I have more pictures that you can check out and see for yourself
further down the bottom.
3 beds, 1 bath, 946 sq. ft., built 1930, lot 38 X 105
Located in Panama Park
7114 Edge Street
Jacksonville, FL 32206
Comparables:
Address Sale Date Price Sq. Ft. BR/BR Miles
639 Lawton Ave 3/25/08 $72K 1041 2/1 0.19
390 E 48th St 3/20/08 $90K 1029 3/1 0.64
33 E 63rd St 2/20/08 $99K 871 2/1 0.51
761 E 56th St 10/25/07 $70K 960 3/1 0.27
145 E 54th St 8/22/07 $97K 974 3/1 0.57
7337 Wilder Ave 8/14/07 $70K 910 3/1 0.40
The house is worth at least in the 80's easily as you can
see above
Your Investment: $25,500
Does it need work? Of course!
That's why this is a diamond in the rough and how investors
get rich in real estate!
Repairs: Needs new piping, electrical, H/AC, floor covering,
kitchen and bath, clean and paint, landscaping, structurally
the house seems OK
Rents are around $800/mo. to $850/mo.
More pictures are found here:
http://www.UndergroundDeals.com/7114/photos.pdf
The house is vacant. Check it out and email me back.
http://www.UndergroundDeals.com
p.s. The last time I had a property around this area, it
went pretty fast and my history teacher once told me,
"History repeats itself."
That is really cheap! The rent on that investment seems like a good deal.