$150,000
8944 1ST Avenue, Jacksonville, FL 32208, Jacksonville, FL 32208
Rio Vista
- Price
- $150,000
- Beds / Baths
- 2 / 1
- Living area
- 989 sqft
- Year built
- 1940
- Type
- Residential
- Lot
- 0.17 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 5
$152/sqft asking, vs a $116/sqft median across 744 closed sales in 32208 over the last 12 months — 31% above the area's closed prices. Condition and lot vary; that's what a showing is for.
This income-producing property is currently leased through 3/31/2027, offering a buyer immediate cash flow with no vacancy downtime. Owner has never occupied the home -- purchased strictly as an investment. Fresh carpet and paint done is March 2026. Great opportunity to add a performing asset to your portfolio with tenant already in place. Property to be sold subject to existing lease; please do not disturb tenant.
What to check on this one
- Verify roof age and condition; 1940s homes often need replacement—get inspector report ASAP.
- Order 4-point inspection and wind-mitigation report; required for NE Florida insurance on 86-year-old home.
- Confirm flood zone via FEMA map; obtain elevation certificate if in AE/VE zone.
- Review lease terms, tenant credit, remaining rent, and landlord liability insurance requirements.
- Inspect plumbing type—cast iron or polybutylene common in 1940s; budget for replacement.
- Get HVAC age and maintenance records; verify system viability for rental operation.
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 $120,000 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 KELLER WILLIAMS FIRST COAST REALTY. Data via realMLS (Northeast Florida MLS), updated Aug 28, 2026, 6:29 PM.
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