$120,000
●
House -
Off Market
7137 GRAY Street
Jacksonville, FL 32219
4 Beds
2 Baths
1,500 Ft²
$712
Est. Monthly
About This Property
2 HOMES ON ONE LOT...great potential for many different buyers.
Buy this property and rehab both homes...live in one & rent
one for income; use both homes for a multi-generational family
setting. Or, if you are an investor, rehab & resell.
The house on the right is a 3 bed/1 bath, currently. The
house on the left is a 1 bed/1 bath, currently. The combined
sq ft is approx, 1500 sq ft, but should be verified. Both
structures are currently on one lot. The lot could be divided
into two, should the buyer find that desirable.
Please note, neither property is habitable at this time. Attention should be taken when touring. The flooring in both homes is in bad condition and has visible holes. These homes will both need a new septic tank and drain field. The well will need work.
Two electric meters. (Electricity has been off for over 1 year so safety inspection will be required.) Both homes have metal roofs & are estimated to be 10 years old. This is an AS-IS sale.
Please note, neither property is habitable at this time. Attention should be taken when touring. The flooring in both homes is in bad condition and has visible holes. These homes will both need a new septic tank and drain field. The well will need work.
Two electric meters. (Electricity has been off for over 1 year so safety inspection will be required.) Both homes have metal roofs & are estimated to be 10 years old. This is an AS-IS sale.
Unit Size
1,500 Ft²
Days on Market
26 days
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 months ago (Real MLS #2021268)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 21, 2024 | Listed by ROBERT SLACK, LLC. | $145,000 | |
| Listed by ROBERT SLACK, LLC. | |||
| Dec 7, 2023 | Listed by INI REALTY | $110,000 | |
| Listed by INI REALTY | |||
| | |||
|
2 great investment properties for the price of 1!! These 2 homes are side by side. LOTS of potential to make tons of cash flow.
The bigger home is currently a 3 bedroom 1 bathroom home. The 3rd bedroom is HUGE and has a separate entrance so it can be converted into a 1 bedroom efficiency.
The smaller home currently has officially 1 bedroom, but other additional rooms that can be easily converted to make it a 2/1.
Seller will not sell the homes individually. Both houses sold together.
Buyer to self verify the squared footage of both properties.
Both homes need new Well and Septic Tanks.
| |||
| Nov 6, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2022 | Listed by eXp REALTY LLC | $155,000 | |
| Listed by eXp REALTY LLC | |||
| | |||
|
Two Homes with a lot of potential!! Come and make these homes yours or buy them as a fix & flip for GREAT PROFITS. Both homes need major renovations to interior and exterior. Selling 'AS IS' NO repairs and NO warranties given or implied.
| |||
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Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Northside
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Currently no similar homes aroundNearby Rentals
Listed by: JENNY CURTIS, ROBERT SLACK, LLC.
Last Updated: 13 months ago
Data Source: Real MLS, MLS# 2021268
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 13 months ago
Data Source: Real MLS, MLS# 2021268
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