8754 Old Plank Rd, Jacksonville, FL 32220

Price: $49,500

ARV: $315,000

Are you a builder / developer?

Multiple units can be built on this lot only 10-15 minutes from downtown Jax!

Are you looking to buy some land for cheap and build your own place on it?

This is a mobile home and debris on a large residential lot of 0.78 acres, that can either be fixed up and flipped in a couple weeks’ time, or clear the whole lot and build something new!

 

Current zoning: RES LD 3-7 UNITS PER ACRE

 

Land Comp: 634 Harrison St, Jacksonville, 32220 Nearby – JUST SOLD $70,000 – 0.95 acres

https://www.zillow.com/homedetails/634-Harrison-St-Jacksonville-FL-32220/83002600_zpid/

 

Mobile / Manufactured home comps:

1.) 622 Harrison St, Jax, 32220 – Just Sold for $260,000 last month – 1/4 mile from our subject property

https://www.zillow.com/homedetails/622-Harrison-St-Jacksonville-FL-32220/66136113_zpid/

 

2.) 8631 Oglesby Ave, Jax, 32220 – Sold for $261,000 – 1/2 mile from our subject property

https://www.zillow.com/homedetails/8631-Oglesby-Ave-Jacksonville-FL-32220/120109098_zpid/

 

3.) 8665 Alexa Ln, Jax, 32220 – Sold for $221,000 – 1/4 mile from our subject property

https://www.zillow.com/homedetails/8665-Alexa-Ln-Jacksonville-FL-32220/109766923_zpid/

 

House sales on our street if you built new:

1.) 8569 Old Plank Rd – across the street and a couple houses up – sold for $450,000 – built in 1996

https://www.zillow.com/homedetails/8569-Old-Plank-Rd-Jacksonville-FL-32220/333077367_zpid/

 

2.) 8523 Old Plank Rd – sold for $485,000 – built in 1989 – same road

https://www.zillow.com/homedetails/8523-Old-Plank-Rd-Jacksonville-FL-32220/44408008_zpid/

 

3.) 8445 Old Plank Rd – sold for $560,000 – built in 1990 – same road

https://www.zillow.com/homedetails/8445-Old-Plank-Rd-Jacksonville-FL-32220/44408007_zpid/

 

Recent sales in the 400’s and 500’s on the same road.

Buy this for under 50K, build a house for 200K, sell the house for 400K.

Buy this for under 50K, rehab the mobile home, sell it for 250K.

Buy this for under 50K, build a duplex on it.

Up to you!

Property Detail

RE #: 006234-0000

Tax District: GS

Property Use: 0200 Mobile Home

# of Buildings: 2

Legal Desc.: For full legal description see: Land & Legal section below

Subdivision: 00070 WARRINGTON S/D 16-2S-25E

Total Area: 33809

 

IMPORTANT INFORMATION

1. As always, we co-op with all agents.
2. This is a wholesale assignment deal.
3. Cash/hard money/private money only.
4. All offers will be due by 5pm Thursday 05/11.
5. Offer to be selected by 12pm on Friday 05/12.
6. Proof of funds required to enter into Agreement & take house off the market.
7. EMD: $10,000 if we have not closed a deal together.
8. EMD: $5,000 if we have closed on one or more properties together before.
9. EMD must be delivered within 24 hours.
10. RESE or Rextar Title Company
11. Property sold as-is including contents.
12. Buyer to pay ALL closing costs.

SUBMIT OFFER