$119,000
2971 W 16TH Street, Jacksonville, FL 32254, Jacksonville, FL 32254
Melsons Addition
- Price
- $119,000
- Beds / Baths
- 3 / 1
- Living area
- 970 sqft
- Year built
- 1950
- Type
- Residential
- Lot
- 0.19 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 171
- Elementary
- Biltmore
- Middle
- Lake Shore
- High school
- William M. Raines
BEAUTIFULLY RENOVATED! This 3-bedroom, 1-bath investment home features a welcoming front porch--perfect for enjoying your morning coffee--along with a living room showcasing durable laminate flooring and bedrooms with brand-new carpet. The large backyard offers plenty of space for entertaining or relaxing. Currently tenant-occupied and renting for $1,200 per month, this property follows the 1% rule, making it an excellent investment opportunity. A great option for investors or future owner-occupants--this one won't last long!
What to check on this one
- Verify roof age and get 4-point inspection—1950 home may face insurer limits.
- Confirm flood zone designation and obtain elevation certificate if in AE/VE.
- Order plumbing inspection for cast-iron/polybutylene—common in 1950s homes.
- Review tenant lease terms, rent roll, and security deposit documentation.
- Get pest inspection—older home may have termite history or active damage.
- Verify electrical panel upgrade status and obtain homeowner's insurance quote.
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 $95,200 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 DOGWOOD REALTY. Data via realMLS (Northeast Florida MLS), updated Aug 3, 2026, 7:15 PM.
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