Description of 717 Virginia Street, Jacksonville - MLS# 2078473
Consider this wonderful opportunity in the Panama Park subdivision, flexible seller, this property is great for first time home buyers or investors looking to add assets to their portfolio, the property currently is used as a Airbnb. We need at least an hour advanced notice for all showing appointments, Check the lot size out, perhaps zoning may allow for additional development. The property owner has started to divide the house into four cubicle rooms, which he refers to as bedrooms. Each room is available for rent at $500 per month. Additionally, the owner has two utility sheds that are also rented out for $500 each per month. He is leasing space in the yard for a work trailer at a rate of $50 per month. This brings the total monthly income to $3,050. While the properties can be sold to homeowners, the current setup is more advantageous for investors seeking a steady monthly income. Conveniently located near shopping, eateries, parks & just a few minutes to the river. The owner prefers to sell the property in ''AS-IS'' condition - No maintence issues are known by the seller - BUT if something arises during a home inspections the owner will make concessions for a buyers - lender required repairs.
Please take note of the following important details:
The contract is non-assignable.
The property is not offered by Owner Financed Terms or available for rent.
This home is available only with the type financing noted or those utilizing a renovation loan.
No sight-unseen offers will be accepted.
Offers must meet the minimum price for submission to the seller.
The seller requires proof of funds and an accepted contract to schedule a viewing.
Access to the property is permitted during inspections, provided a signed Purchase Agreement is in place.
After conducting thorough research, we have made every effort to present the most accurate and up-to-date information. There are no implied or stated warranties; therefore, written terms and conditions are required to be binding.
Buyers and their representatives are responsible for examining and confirming every detail of the subject property, including BUT not limited to; flood zones, airport noise zones, HOA and CDD fees (Community Development District Fees), current and proposed property taxes, special assessments, verify with the local police or sheriff's department to discover neighborhood crimes and crime statistics, sexual offenders/predators and any other matters BUYER deems relevant to the purchase of the Property, verify with school districts, and inquire with neighborhood watch associations about information relevant to them and consider the properties floor- plan functionality.
They should also arrange for a survey, municipal lien search, home inspection, and a well and septic system inspection, if applicable. Additionally, the property should be tested for mold, radon gas, carbon monoxide levels, lead-based paint, Defective Drywall, energy efficiency ratings, and a Wood-Destroying Organism (WDO) inspection should be performed - soil percolation test, you should check for environmental contamination or hazardous materials with the EPA
Buyers must thoroughly conduct their due diligence by verifying with the planning and zoning departments to determine if the property has recorded permits, is in a historic area, flood zone, landlocked, and whether the property has proper egress and ingress.
They should also verify the current and future zoning aligns with their intended use and consult the code compliance division to ensure there are no past or current unpaid code violation fines. It is essential to investigate ALL relevant information that could affect the property's value.
We advise potential Buyers and Sellers to verify the property's condition, square footage, and all related facts and representations outlined in a potential contract. Buyers and Sellers should consult appropriate professionals for legal, tax, environmental, and other specialized advice regarding matters affecting the property and the transaction.
The Broker clarifies that they do not reside on the property and that all representations made (oral, written, or otherwise) are based on statements from the Seller, either verbally or in writing, or on public records. To the extent permitted by Florida statute, buyers agree that if they pursue this property, they will rely exclusively on the seller's addendums and disclosures, professional inspectors, and governmental agencies to verify the property's condition, square footage, and any facts that materially affect its value, rather than on the broker's representations (oral, written, or otherwise).
