Teardown The Numbers: - Entry: $15,000 starting or $20,000 buy-now; minimum EMD $1,000 - Exit Target (ARV): ~$205,000 based on a nearby new build sale - Scope: Full teardown and new construction; investor to validate demo and build budget (seller-estimated heavy scope $100,000–$120,000) - Deal Type: Assignment Property Details: - 5,000 sq ft lot, former 2 bed/1 bath, ~900 sq ft structure (fire-damaged and priced for demolition) - Year built 2003; slab foundation reported, condition unknown—verify if reusable or plan for new pour - Systems (HVAC/heating) unknown; assume full replacement as part of a ground-up build - Playbook: Acquire at a minimal land basis, clear the lot, and deliver an efficient new-construction plan aligned with neighborhood product and buyer expectations Comp Support: - 1411 W 20th St sold recently at ~$205,000 on a similarly sized lot with new construction, supporting the ARV target - 1451 W 15th St closed at ~$225,000, indicating potential ceiling support for finished product nearby Why it’s compelling: The combination of a low land basis, clear teardown scope, and nearby new-construction sales provides a straightforward build-to-sell thesis. With disciplined budgeting and a plan tailored to recent buyer-demanded specs, this lot can convert into a market-ready new home in a submarket already validating the price point. Nearby Comparable Sales 1451 W 15th St, Jacksonville, FL 32209 — Sold for $225,000