Wade M. Berlin

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 lotpriced 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 functionalbudget for repair or replacement. Deferred Maintenance: Full interior modernization opportunitykitchen, 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 resaleinspect the equipment condition and code compliance. Location & Market Advantages: Minutes from downtown Jacksonville and UNFstrong 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 activityideal 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.