$135,000
5502 VERBENA Road, Jacksonville, FL 32209, Jacksonville, FL 32209
Magnolia Gardens
- Price
- $135,000
- Beds / Baths
- 4 / 2
- Living area
- 2,744 sqft
- Year built
- 1952
- Type
- Residential
- Lot
- 0.19 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 58
This spacious 3BR/2BA home (2,744 sq ft) is ready for a full rehab and priced accordingly. Two oversized living areas provide endless possibilities for redesign—open it up, add bedrooms, reimagine the flow. Roof appears newer (exact age unknown), but everything else needs updating: HVAC, kitchen, baths, flooring, paint, and layout. This is not a lipstick flip—this is a full-gut opportunity for serious investors only. The floor plan is quirky, but the bones are solid and the footprint is huge. With the right vision, this could be a profitable flip or long-term rental. Sold as-is. Cash or hard money only. No site unseen offers. All due diligence to be completed up front. Seller will make no repairs.
What to check on this one
- Verify roof age/condition with inspector—if over 15 years, get insurance quotes before closing
- Order 4-point inspection (roof, HVAC, plumbing, electrical) and wind-mitigation report for 1952 build
- Confirm exact flood zone designation and pull elevation certificate if AE/VE
- Inspect plumbing era—cast-iron or polybutylene common pre-1975; plan replacement costs
- Have structural engineer assess 'solid bones' claim and any foundation/settling issues
- Verify HVAC, electrical panel capacity, and any code violations before rehab scope/budget
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $108,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of LPT REALTY LLC. Data via realMLS (Northeast Florida MLS), updated Sep 17, 2025, 3:45 PM.
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