Investment Opportunity: Well-maintained property, generating consistent rental income of $1450/month. Current Cap Rate at 7.89%, offering a strong return. 10-year levered IRR stands at 14.03%, Forecasting potential for long-term growth. Equity multiple of 2.77 highlights solid investment value. With an average levered cash-on-cash return of over10.00%, Unlevered cash on cash is 9.04% this property presents a lucrative opportunity for savvy investors. see proforma in documents Currently professionally Managed Property just appraised for $164,000.00 see documents
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1955
Living Area: 930 SqFt
Listing Office:
Office Name: WIND REALTY
Listing Agent: ALAN WIND
Interior Features
Interior Information:
Appliances: Dryer, Electric Oven, Electric Water Heater, Refrigerator, Washer/Dryer Stacked
Flooring Type: Carpet, Laminate
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 3
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Electric
School Info
Assigned Schools Information:
Jean Ribault High School, Public Magnet Grades 9-12
Duval Virtual Instruction Academy, Public District Grades KG-12
Jean Ribault Middle School, Public Magnet Grades 6-8
Rutledge H. Pearson Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: 295 to New Kings Rd. Left on Soutel Dr., left on Sibbald Rd., and right on Portsmouth Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $153,000
Price Per SqFt: $165/SqFt
Tax Information:
Annual Amount: $1,482
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Rutledge H. Pearson Elementary School
4346 Roanoke Blvd
Distance between this listing and this school0.34 miles
Public District Grades PK-5
Middle School
2
/10
Jean Ribault Middle School
3610 Ribault Scenic Dr
Distance between this listing and this school1.26 miles
Public Magnet Grades 6-8
High School
2
/10
Jean Ribault High School
3701 Winton Dr
Distance between this listing and this school1.50 miles
Public Magnet Grades 9-12
3
/10
Duval Virtual Instruction Academy
1701 Prudential Dr
Distance between this listing and this school7.53 miles
Public District Grades KG-12
Assigned Schools
6
/10
Rutledge H. Pearson Elementary School
4346 Roanoke Blvd
Distance between this listing and this school0.34 miles
Public District Grades PK-5
Nearby Schools
2
/10
Martin Luther King, Jr Elementary School
8801 Lake Placid Dr E
Distance between this listing and this school0.77 miles
Public Magnet Grades PK-5
4
/10
S. A. Hull Elementary School
7528 Hull St
Distance between this listing and this school1.34 miles
Public District Grades PK-5
Assigned Schools
2
/10
Jean Ribault Middle School
3610 Ribault Scenic Dr
Distance between this listing and this school1.26 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Highlands Middle School
10913 Pine Estates Rd E
Distance between this listing and this school3.03 miles
Public Magnet Grades 6-8
2
/10
Northwestern Middle School
2100 W 45th St
Distance between this listing and this school3.07 miles
Public District Grades 6-8
Assigned Schools
2
/10
Jean Ribault High School
3701 Winton Dr
Distance between this listing and this school1.50 miles
Public Magnet Grades 9-12
3
/10
Duval Virtual Instruction Academy
1701 Prudential Dr
Distance between this listing and this school7.53 miles
Public District Grades KG-12
Nearby Schools
2
/10
William M. Raines High School
3663 Raines Ave
Distance between this listing and this school1.92 miles
The neighbors living near this home have an average income of $48,564. Most Jacksonville, FL residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4704 Portsmouth Ave
What is the listing price of this property?
The listing price of 4704 Portsmouth Ave property is $153,000.
What type of property is this?
The property 4704 Portsmouth Ave is a house located in Jacksonville, Florida, 32208.
Is this property for sale now?
Accepting Backup Offers: 4704 Portsmouth Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 4704 Portsmouth Ave are: Rutledge H. Pearson Elementary School: GreatSchools Rating 6/10Jean Ribault Middle School: GreatSchools Rating 2/10Jean Ribault High School: GreatSchools Rating 2/10Duval Virtual Instruction Academy: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,482 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 4704 Portsmouth Ave has 3 bedrooms and 3 full and 1 half bathrooms.
What is the square footage of this property?
The property 4704 Portsmouth Ave is 930 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4704 Portsmouth Ave is 1955.
This home is located at 4704 Portsmouth Ave in Jacksonville, FL and zip code 32208 in the Sherwood Forest neighborhood. This 930 square foot home, which was built in 1955, sits on a 0.21 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $153,000.
In April 2024, from all listings sold in Jacksonville, FL there were more than 197 sold above asking price, over 577 sold below and more than 262 were sold right at the asked price. The number of homes for sale in Jacksonville, FL increased by 5.6% between March 2024 and April 2024. In April 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $304,350.
From Rocket Homes Real Estate and based on county public records data.