Jacksonville has a very diverse real estate market with a wide variety of different properties.
There are several different neighborhoods and areas around Jacksonville, including southside, the beaches, westside, mandarin, riverside, and avondale. Each one of these areas has a unique neighborhood with different types of houses and properties. Properties by the beaches are usually smaller and include condos, apartments, and one and two bedroom homes. Properties downtown and riverside are much older and larger. These houses are usually single and multi family homes. Prices on real estate in Jacksonville are always on the rise. Prices on real estate can vary depending on factors like location, house condition, property size, and the current market. I recently purchased an investment property in San Marco. I made a low cash offer for the house and the owner accepted my terms and settlement offer. Three weeks later, the San Marco property was all mine. The investment property is a great fix and flip opportunity. There are about $20,000 worth of damages to the house. Once all of the repairs are made, I should be able to flip the house and make twice that much money from the sale. When you conduct research and stay on top of up-to-date information and Jacksonville real estate prices, you can find a lot of great deals. I’m currently thinking about a six apartment building by the beach, but it will require a very large cash offer and I’m not sure I want to get rid of all my liquid assets before I start renovations on the San Marco place.