Saturday, December 12, 2015

East Arlington, An Emerging Neighborhood that's back !

As anyone who lives in the greater Jacksonville area, we all know of the huge range of diversity in the vast neighborhoods that make of this great city.  Occasionally, we find some "sleepers" that early investors begin to cherry pick homes to renovate, flip or rent.  

I have long known East Arlington, in particular the vast section between Beach Blvd and Atlantic Blvd just west of I 295.

The area consist of homes that were mostly built in the 1950's-60's with some much larger estate homes at the Beach Blvd end of this area that were custom built and owners amassed much larger tracts of land and higher values. 
The geographic location is ideal as it is 15-20 minutes from the beaches and about the same distance to downtown Jacksonville.

Sunset on Cortez Road

The primary focus has centered on these smaller homes, many of which suffered the overblown values during the subprime crisis and are have become homes that are in disrepair for those who overpaid and other reasons.  During the last year, I have watched in amazement as owners and new homeowners are transforming these properties and by doing do, making a significant change to the overall value of this neighborhood.  


Many of these properties that are being purchased and renovated are being bought at a fraction of market value and rehab crews are updating them for millennial buyers and renters alike.  These homes can range form the mid $40's-100k, based on the type of home and condition/situation.  

If you are thinking of investing and want to learn more about this area and the resurgence that it is seeing, 

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