$74,900
2003 COMMONWEALTH Avenue, Jacksonville, FL 32209, Jacksonville, FL 32209
Grant Addn To Jax
- Price
- $74,900
- Beds / Baths
- 2 / 1
- Living area
- 894 sqft
- Year built
- 1941
- Type
- Residential
- Lot
- 0.17 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 72
$84/sqft asking, vs a $109/sqft median across 689 closed sales in 32209 over the last 12 months — 23% below the area's closed prices. Listed at $74,900 versus area average of $109/sf, this 23% discount reflects active tenant occupancy and month-to-month lease structure requiring buyer transition management.
Turn-key investment opportunity in a high-demand rental pocket of Jacksonville! 2003 Commonwealth Ave is a fantastic, income-generating addition to any real estate portfolio. Featuring a proven rental history this property currently has a tenant on a flexible month-to-month lease, allowing for a seamless transition for the new owner. This property is being offered individually or can be packaged as part of an exclusive 7-property (8-door) residential portfolio in Jacksonville. Seller is a licensed real estate broker.
What to check on this one
- Verify flood zone via FEMA map and get elevation certificate if in AE/VE.
- Order 4-point inspection — roof age (1941 build) is critical for insurance.
- Confirm roof replacement year and current condition; insurers often deny coverage past 15–20 years.
- Review tenant lease terms, rent amount, and move-out timeline before closing.
- Inspect plumbing type (likely cast-iron pre-1975); budget for replacement risk.
- Pull title report and lien search; verify no code violations or code-enforcement liens.
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 $59,920 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 KELLAR REALTY AND PROPERTY MANAGEMENT INC. Data via realMLS (Northeast Florida MLS), updated Aug 20, 2026, 2:45 PM.
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