LAND/ Build-Ready Infill Lot Near Springfield | St

Zoning: Confirm RLD classification (RLD-60/50) permitting single-family dwellings by right.

LOT Size : 7,572.

Deal Analysis – xxxx Franklin St, Jacksonville, FL 32206.

1. Land Basis

• Purchase price: 18,000
• Closing and soft costs (title, survey, misc.): ~2,500
• Total land cost: ~20,500

This is approximately 30–35% below current active lot asks in the 28k–30k+ range.

2. Build-to-Rent (BRRR) Strategy

• Lot cost: 20,500
• Build cost (1,050–1,200 sf, 3 bed / 2 bath, basic finishes): 150,000–175,000
• Soft costs and taps (survey, engineering, utilities, permits): 10,000–15,000
• Total project cost: 185,000–210,000

Exit Value and Income

• After repair value (ARV) for new 3/2 in this submarket: 220,000–250,000
• Rent range: 1,500–1,750 per month (conservative underwriting at 1,600)
• Gross rent: ~19,200 per year Net operating income (65% rule):~12,500 per year
• DSCR coverage: approximately 1.15–1.25, depending on debt terms

Upside

• Equity lift: 20,000–40,000 on appraisal
• Modest but stable cash flow with a long-term tenant base near Springfield/downtown
• Flexible exit: retain as stabilized rental or sell to another investor

3. Spec Build and Retail Sale

• Total project cost: 190,000–210,000
• Retail ARV (MLS comps for new 3/2): 230,000–250,000
• Gross margin: 40,000–50,000
• Net margin after resale costs (~8%): 20,000–30,000

Timeline : 6–9 months, including build and marketing period

Transaction Details

• Transaction Details
  • Closing Date: 11/09/2025
  • Occupancy: Vacant
  • Access instructions: Limited
  • Title company: Clear to Close Title Services, Inc.
  • Earnest money required: 500
  • Proof of funds required: No

Comparable Properties

1. 0 Woodbine St, Jacksonville, FL 32206 ~SOLD 25k Smaller sqft lot
2. 1884 E 25TH Street, Jacksonville, FL 32206 ~SOLD 24K Smaller sqft lot

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.