Located just north of Downtown Jacksonville and only a short distance away from I-95 is this 3 bedroom, 1 bathroom, 874-square-foot single family property. Market rent in the area for a house this size is around $1200 per month, and Section 8 will pay up to $1500 per month for the area. However, this property provides a savvy investor with the opportunity to create a 4th bedroom just by adding a closet. This will help increase rents and provide a better ROI.

There are some repairs and updates that need to be completed. For the exterior of the property, we recommend replacing the roof, and performing minor repairs to the siding. For the interior, the property will benefit from new paint, new vinyl flooring, updating the kitchen, updating the bathroom, and replacing the HVAC system.

Rental properties at this price point tend to move quickly. Reach out to your EquityPro Advisor today to learn more!