NEW (close to) waterfront property for less than my car costs!

RobertL · April 28, 2008

Check out this single family home that is less

than a mile away from waterfront for less than $25,000 in

Florida. This isn't land...it's a real house too.

I have more pictures that you can check out and see for yourself

further down the bottom.

3 beds, 1 bath, 946 sq. ft., built 1930, lot 38 X 105

Located in Panama Park

7114 Edge Street

Jacksonville, FL 32206

Comparables:

Address Sale Date Price Sq. Ft. BR/BR Miles

639 Lawton Ave 3/25/08 $72K 1041 2/1 0.19

390 E 48th St 3/20/08 $90K 1029 3/1 0.64

33 E 63rd St 2/20/08 $99K 871 2/1 0.51

761 E 56th St 10/25/07 $70K 960 3/1 0.27

145 E 54th St 8/22/07 $97K 974 3/1 0.57

7337 Wilder Ave 8/14/07 $70K 910 3/1 0.40

The house is worth at least in the 80's easily as you can

see above

Your Investment: $25,500

Does it need work? Of course!

That's why this is a diamond in the rough and how investors

get rich in real estate!

Repairs: Needs new piping, electrical, H/AC, floor covering,

kitchen and bath, clean and paint, landscaping, structurally

the house seems OK

Rents are around $800/mo. to $850/mo.

More pictures are found here:

http://www.UndergroundDeals.com/7114/photos.pdf

The house is vacant. Check it out and email me back.

p.s. The last time I had a property around this area, it

went pretty fast and my history teacher once told me,

"History repeats itself."

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