RobertL 0 Report post Posted April 2, 2008 Great Land Investment In Desirable Neighborhood What if I told you that you can get the most value aspect of real estate (land) in a very desirable neighborhood (location) for dirt cheap? This is a big piece of land right in the middle of a good subdivision 60 x 106 in size, 6,360 sq ft or 0.15 acres--residential. For only $12,000 Houses built in the 1950's over there LESS THAN 0.16 miles away sold for over $100,000. Those were prices in 2007, but that comes to show the value over there, especially when the market turns back around which WILL happen. Remember, you are looking long-term for your investment. Comps: 1 2116 PROSPECT ST E ,$111,000, 1950, 3/1, 07/20/2007, 0.04 2 2029 PROSPECT ST W, $106,000, 1950, 4/1, 05/02/2007, 0.05 3 1937 ALLANDALE CIR S, $119,900, 1951, 2/1, 10/08/2007, 0.1 4 2947 W 10TH ST, $100,000, 1951, 2/2, 04/23/2007, 0.13 5 2928 W 11TH ST, $125,000, 1951, 2/1, 09/20/2007, 0.16 A 4-bedroom, 2-bath 1600sf house used to sit on that land, until it got demolished from a big fire. The address of the house is 2039 Prospect St. E Jacksonville, FL 32254 That's an old aerial shot of the huge house that was over there before! One idea is to put a modular or remanufactured home on there for less than the cost of a regular house and then rent that puppy out for a wad of cashflow...or even retail it! Here is a link to the property records http://apps.coj.net/PAO PropertySearch/Basic/Detail.aspx?RE=0498970000 For more information visithttp://www.UndergroundDeals.com/grouplist.asp?id=2039 To secure this land and lock in your profits, email me at rlam@undergrounddeals.com or call me at (904) 262-7045 Thanks! Robert Lamhttp://www.UndergroundDeals.comhttp://www.ForeclosuresUnleashed.net Share this post Link to post Share on other sites
