Buy 1 house get 3 lots in JAX,

Zoning: RLD-60

0100 RES LD 3-7 UNITS PER AC

See below for the proposed strategy to increase your wallet.

Watch our 3D Walkthrough Link

Purchase price: 139,990 (4 platted lots = US 34,997.50 each). (This is literally county's Land Value)

Survey/reversion costs: $900 (one-time). NO NEED FOR NEW PLOTTING AND SUBMISSION BECAUSE THIS IS GRANDFATHER IN THE LAND USED TO BE DIVIDED IN THE PAST. THIS PROCESS IS ONLY TO REVERT BACK.

Closing costs (buy side): ~3% of purchase = USD 4,200.

Lot count: 4 (one has a house, three vacant).

Rehab budget for house: 45k.

ARV for house: $160k.

Resale values for vacant lots: 25k × 3 = 75k.

Closing costs (sale side): ~8% per resale (realtor commission + title/escrow, etc.).

• Step 1. Investment Costs I

Purchase price139,990

Buyer closing costs (3%)USD 4,200

Survey/reversion fees $900

Rehab for house45k

• Step 2. Sales Proceeds (Gross)

House resale: 160k

3 vacant lots resale: 25k × 3 = 75k

Gross revenue = $235k

• Step 3. Selling Costs

House resale costs (8% of $160K): $12,800

Vacant lots resale costs (8% of 75K): USD 6,000

Total selling costs = 18,800

• Step 4. Net Sales Proceeds

235k – 18,800 = 216,200 (net sales proceeds)

• Step 5. Profit Calculation

Net Sales Proceeds: 216,200

Total Investment: USD 190,090

Net Profit: USD 26,110

• ROI Metrics

Total Cash Invested: ~USD 190,090 EST.

Net Profit: USD 26,110

ROI: ≈ 13.7%

Timeline sensitivity: If executed within 12 months, that’s a powerful annualized return!

• My Take

This revert + flip + lot liquidation strategy still looks much stronger than trying to build new homes:

The house flip alone essentially pays back much of the land cost.

The vacant lots resell for market value at ~$48K each (your $37.5K basis gives ~$10.5K spread per lot before fees).

Carrying risk is lower since you’re not stuck funding new vertical construction.

• If you need funding, feel free to ask and request more information. We will be able to provide with no underwriting need (Pre-approve).

BUY & HOLD Strategy:

Investment Costs

Purchase: 139,990

Buyer fees (approx. 3%): 4,200

Survey/reversion: 900

Rehab (house): 45,000 Total = 190,090

• Lot Sales

3 lots at 25,000 each = 75,000 gross

Selling expenses (8% of 75,000) = 6,000

Net from lots = 69,000

This reduces your overall investment immediately.

Net Basis in Rental Property Total 190,090 – Lot Sale Net 69,000 = 121,090 remaining in the house.

Rental Income

• Monthly rent: 1,800
• Annual gross: 21,600
• Estimated expenses (taxes, insurance, upkeep, vacancy ~35%): 7,560
• Net operating income: about 14,040

Return on Investment

Amount tied into rental after lot sales: 121,090

Annual net income: 14,040

ROI: about 11.6%

Analysis

The effective basis in the rental is much lower due to lot sales, which offset the acquisition.

At 1,800 per month rent, this clears many refi thresholds and remains attractive if leveraged.

Even without leverage, an 11–12% return is strong in the Florida market.

With potential rent growth or lower expenses, performance could improve to 13–14%.

• Transaction Details
  • Closing Date: 9/26/2025
  • Occupancy: Vacant
  • Access instructions: Limited
  • Title company: Clear to Close Title Services, Inc.
  • Earnest money required: 5k
  • Proof of funds required: No

Property Condition

• Roof: Fair
• HVAC: Poor
• Plumbing: Fair
• Electrical: Fair
• Foundation: Fair
• Interior: Poor

Comparable Properties

1. 257 E 47th St: 2 beds, 1 bath, 948 sq ft — 165k (sold June 11, 2025)
2. 134 E 45TH Street : 3 beds, 1 bath, 1,119 sq ft — 160 k (sold Aug 19, 2025)

Next Steps

• Contact us if you need more information
• Schedule a property walkthrough (if applicable)
• Make an offer directly on this page
• Sign assignment agreement or a straight direct agreement
• Send EMD within 3 hours of signing the agreement
• Lock up the Deal
• Make MONEY and REPEAT :)

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract, not a direct property sale or direct contract as Double Close (if applicable). Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate, but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors.