536 SAPELO RD, JACKSONVILLE, FL, 32216
$165,000
Residential
|
Bedrooms
3
|
Bathrooms
2
|
Living Area
1,530 Sqft
|
Lot Size
9,602 Sqft
|
MULTIPLE OFFERS - HIGHEST AND BEST REQUIRED • This 1949 block-built investment opportunity features three bedrooms, 1.5 bathrooms, and a private pool on a large lot—priced below market value due to needed rehabilitation. Situated just east of downtown Jacksonville across the St. Johns River, the property offers substantial upside potential in a high-accessibility location near major highways and the University of North Florida. Investment Highlights - Below-Market Entry Point: Priced to reflect required updates and repairs, offering immediate equity potential post-renovation. Durable Construction: Block structure provides long-term stability; roof replaced in 2018.
• Mechanicals: HVAC system installed in 2014; air handler currently non-functional—budget for repair or replacement. Deferred Maintenance: Full interior modernization opportunity—kitchen, bathrooms, flooring, and electrical/plumbing systems can be upgraded to current standards. Exterior & Site: Block damage at the rear requires tuckpointing or section repair; large lot allows for expansion, accessory dwelling unit (ADU), or landscape redesign. Pool: An existing pool adds value for rental appeal or future resale—inspect the equipment condition and code compliance. Location & Market Advantages: Minutes from downtown Jacksonville and UNF—strong demand for rental housing from students, professionals, and medical personnel. Easy access to I-10, I-95, and US-17 enhances commuter appeal. The area shows steady appreciation amid increasing redevelopment activity—ideal for a value-add strategy. Recommended Strategy - Perform a complete renovation to modernize interiors and repair structural elements. Target long-term rental, short-term rental (if zoning permits), or resale after rehab. Leverage low acquisition cost to maximize ROI with disciplined renovation budgeting.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRT3529408 | Year Built: | 1949 | |
| Appliances: | Electric Water Heater, Range | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Duval | Direction Faces: | East | |
| Exterior Features: | Other | Fireplace Features: | Other | |
| Flooring: | Carpet, Tile | Foundation Details: | Slab | |
| Heating: | Central | Laundry Features: | Inside | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Other | Occupant Type: | Owner | |
| Pool Features: | Deck | Property Condition: | Fixer | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Septic Tank | Showing Requirements: | Call Listing Agent, Combination Lock Box, ShowingTime | |
| Spa Features: | In Ground | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Public | Water Source: | Public | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Primary Bedroom: | 12x12 ft | Primary Bathroom: | 8x8 ft | |
| Kitchen: | 6x10 ft | Living Room: | 12x13 ft | |
| Bathroom 2: | 7x5 ft | Family Room: | 10x12 ft | |
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