1227 Neva Street, Jacksonville, FL 32205

Property Description

This versatile single-family offers incredible potential for investors or homeowners seeking a renovation project or New Construction opportunity. Home with No HOA fees, it's just minutes from expressways, schools, shopping, and dining. The home features 2 bedrooms, 1 bath, a spacious living and dining area ready for updates. A large flex space offers the potential to add 2-3 more bedrooms or a second bath. Additionally, there's a 2-bedroom, 1-bath studio in the rear, perfect for extra living space, rental income or in-law suite. Set on a large lot, there's room for further expansion or additional structures. While the home needs some work, it's ideal for a renovation loan, new construction or fix-and-flip project. With an estimated After-Repair Value (ARV) of $300-315K, rental potential ranges from $1,600/month for a standard rental to $4,200/month in a room-by-room PadSplit arrangement. If looking to renovate & live in it or flip for profit, this property offers great value and endless possibilities. Schedule a showing today!