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Key Details
Sold Price $125,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,398 sqft
Price per Sqft $89
Subdivision Lake Shore Sec 05
MLS Listing ID T3453768
Sold Date 08/07/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1943
Annual Tax Amount $2,189
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Under contract-accepting backup offers. Investor special in the most in demand corner of Lake Shores! This light fixer upper is an absolute gold mine with endless untapped potential. Tired landlord is quite motivated and asking only 58% of ARV, but will entertain all offers.
Pros: Roof and AC 6 years old. Fully fenced backyard. Located in Opportunity Zone. Lowest price per sq foot in more than a mile radius, including distressed properties.
Cons: Needs new flooring, new appliances and water heater, as well as cosmetic interior rehab. Signs of WDO. Likely foundation issues.
Investor notes:
Flip potential: $260k ARV, with estimated $50k-70k in rehab.
LTR estimate: $1,500 /mo, with very little nearby competition. STR estimate: $40k yrly gross, at 201 /night and 54% occupancy.
Feel free to soft pitch offers to listing agent. No HOA/CDD. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and MLS info sheet. Video walkthrough also available. On non-Supra lockbox. Easy to show. No assignable contracts will be accepted.
Location
State FL
County Duval
Community Lake Shore Sec 05
Zoning RLD-60
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating Electric
Cooling Central Air
Flooring Carpet, Laminate
Fireplace true
Appliance Electric Water Heater
Exterior
Exterior Feature Lighting
Fence Wood
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Waterfront false
Roof Type Shingle
Porch Patio
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE
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