🛠️ Stalled Rehab Opportunity: 4/2 in South Riverside with Roof & AC Done!

This 4-bedroom, 2-bathroom single-family home is located in the South Riverside area of Jacksonville (32207) on a 0.34-acre lot. Built in 1948, the property features 1,740 sq. ft. of living area. The house is currently mostly gutted and reframed, but the heavy lifting has been started: it has a new roof, a new AC unit, and fresh exterior paint. The electrical and plumbing rough-ins are reported as intact and functional. The project stalled mid-renovation due to a contractor legal dispute, presenting a value-add opportunity for an investor to take over the finish line. Access is by appointment only.

Repairs Needed (estimate)

• Permit & Legal Check: Verify title for any mechanic’s liens from the previous contractor and confirm that rough-in permits for the plumbing and electrical are active and passable.
• Interior Finishes: Full interior build-out required, including drywall installation, interior paint, flooring, baseboards, and interior doors.
• Kitchen & Bath: Complete installation of a modern kitchen (cabinets, countertops, appliances) and full build-out of both bathrooms to match the neighborhood’s retail expectations.
• Cosmetic Update: Final fixtures, lighting, and landscaping touch-ups to push maximum retail value.

🟣 Comparable Sales

1. 1514 Dunsford Rd – 4/2 | 2,193 sf | Sold $630,000 ($287/sf) | 1940 Built | Condition: Closed (Similar bed/bath count, larger footprint)
2. 1706 Lorimier Rd – 3/2 | 1,630 sf | Sold $540,000 ($331/sf) | 1939 Built | Condition: Closed (Smaller layout, strong retail finish)
3. 1806 Inwood Ter – 3/1 | 1,661 sf | Sold $425,000 ($256/sf) | 1937 Built | Condition: Closed
4. 1210 Inwood Ter – 2/2 | 1,704 sf | Active $509,000 ($299/sf) | 1948 Built | Condition: Active/Sitting (361 Days on Market)

💰 ARV & Rental Analysis

Factoring in the closed comps and current market resistance, a balanced valuation approach is necessary. Comp 3 (1514 Dunsford Rd) establishes a $630,000 ceiling, though its significantly larger square footage commands a premium. The subject property’s has an edge, with it’s 4/2 layout.  A conservative, fully stabilized retail exit lands in the low $500s by our estimation.

Estimated ARV: $499,000 – $530,000 +/-

Projected Rent: $2,300 – $2,500/mo +/-