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9130 Jefferson Ave

Jacksonville, FL 32208
  • $74,999
  • STATUS: Active
  • ON SITE: 149 days
  • MLS #: 1091163
UPDATED: 171 min ago
$74,999
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 981
    SQFT
  • $76
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Description

Great INVESTMENT SPECIAL with LNG TERM TENANT Tenant pays $750.00/month always early never late.Investor's Dream. The market is starving for affordable rentals like this. This unit has been on HUD in the past, but doesn't need it; it has been under management for years and never goes empty. Make your $75k back in a little over 8 years, and if you never raised rent (you will), make another $120k in the next 20, plus sell the asset (if it never went up - it will) for $75k for a total gain of $195k on the low side. Another strategy - refi and get around $45k capital back for your next deal (we just did this in 2020 on this property). We do not want to displace tenant, but will consider owner financing at $20k down and $700/month, 30 year term for the right person.

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© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Olson & Taylor | RE/MAX Unlimited are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-06-19T00:23:46.873.

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9130 Jefferson Ave Jacksonville, FL 32208

  • Price: $74,999
  • Status: Active
  • Updated: 171 min ago
  • MLS #: 1091163
2
Beds
1
Baths
0
½ Baths
N/A
Acres
981
SQFT
$76
$/SQFT
1945
Built
Neighborhood:
Ribault Manor
County:
Duval
Area:
07-Springfield/Downtown/Paxon/Trout River South
Property Description
Great INVESTMENT SPECIAL with LNG TERM TENANT Tenant pays $750.00/month always early never late.Investor's Dream. The market is starving for affordable rentals like this. This unit has been on HUD in the past, but doesn't need it; it has been under management for years and never goes empty. Make your $75k back in a little over 8 years, and if you never raised rent (you will), make another $120k in the next 20, plus sell the asset (if it never went up - it will) for $75k for a total gain of $195k on the low side. Another strategy - refi and get around $45k capital back for your next deal (we just did this in 2020 on this property). We do not want to displace tenant, but will consider owner financing at $20k down and $700/month, 30 year term for the right person.
Exterior Features

Building Stories 1 Story Exterior Wall Cementitious Siding Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities Rv/Boat Parking Pool No Pool Road Frontage City Street Road Surface Asphalt Road Roof Shingle Waterfront YN No

Interior Features

Cooling Central Cooling Heating Central Heating Interior Amenities Vinyl FloorsWall To Wall Carpet Major Appliances Range - ElectricRefrigeratorWash/Dry Connection Rental Includes Range/OvenRefrigerator Water Heater Electric Water Heatr

Property Features

Buildings 1 Building Country Usa Historic Area No Legal Name Of Subdiv Ribault Manor Multifamily Type Sngl Family-Detached Occupancy Tenant Occp Lease Possible Financing CashConventional Present Tenant Exp All Electric Square Foot Source Tax Roll Units 1 Unit Utilities Sewer - PublicWater - Public

Listing courtesy of Hometown Realty Of Duval Inc.


© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Olson & Taylor | RE/MAX Unlimited are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-06-19T00:23:46.873.

Digital Millennium Copyright Act
 
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