Jacksonville Rehab Opportunity with Income Potential $70,000

Step into a rare investment opportunity in the established Riverhills Park area of Jacksonville, where location, flexibility, and untapped potential come together in one unique property. Situated at 9604 Woodland Avenue, this 1939-built home rests on a spacious lot surrounded by mature trees and peaceful streets, offering the kind of setting that buyers and investors are always searching for. Full of character and classic charm, this property presents a blank canvas for those with vision and a desire to transform a home with history into something truly special.

Whether you are a seasoned investor looking for your next renovation project, a contractor searching for a value-add opportunity, or a buyer ready to create a personalized property with multiple use possibilities, this Riverhills Park home offers tremendous upside. With a 3-bedroom, 1-bath main residence, a detached studio apartment, a double carport, and a 2-car garage, this property has the ingredients for a rewarding project in a location that continues to attract attention.

Built in 1939, this home carries the character and craftsmanship often associated with properties from this era. Classic construction, thoughtful layout potential, and architectural charm provide a strong foundation for renovation and restoration. Unlike newer cookie-cutter homes, older properties often bring a timeless feel that buyers appreciate—especially when paired with modern upgrades and updated finishes.

The main residence offers approximately 1,020 square feet of living space, with a layout that is ready to be reimagined and redesigned to fit today’s lifestyle needs. The home currently includes three bedrooms and one bathroom, creating a functional footprint with flexibility for renovation.

Natural light flows into the home, helping create an inviting atmosphere while also highlighting the potential to transform each space. The existing floor plan provides a solid starting point for buyers who want to maximize both functionality and value. Whether you envision opening up living spaces, modernizing the kitchen and bath, restoring original features, or redesigning the entire interior, this home offers a foundation where creativity can truly shine.

Homes built in this era often feature solid structural elements and layouts that lend themselves well to thoughtful renovations. Buyers with vision will appreciate the opportunity to preserve character while adding modern conveniences and personalized touches.

The three-bedroom layout makes the home appealing for a variety of future uses. It could become a comfortable primary residence, a long-term rental property, or even part of a broader investment strategy depending on buyer goals. Multiple bedrooms provide flexibility for families, guests, work-from-home setups, or increased rental appeal.

The single bathroom layout also creates opportunity for renovation and redesign. Buyers may choose to modernize the existing bathroom or potentially reconfigure the space depending on renovation plans and local approvals.

One of the most exciting aspects of this property is the addition of a detached 1-bedroom, 1-bath studio apartment, which significantly expands the value proposition. Detached structures create unique opportunities that can be difficult to find at this price point.

Depending on buyer goals, this detached studio could potentially serve as:

  • Guest accommodations
  • Home office or creative workspace
  • Rental income opportunity
  • Multi-generational living space
  • Private retreat
  • Extended family housing

While the detached structure currently has roof damage and requires repairs, experienced investors understand that value-add opportunities often come from properties where additional structures can be restored and repurposed.

A detached apartment creates multiple possibilities and adds flexibility that many traditional single-family homes simply do not offer.

In addition to the studio apartment, the property also includes a 2-car garage and a double carport, providing practical utility and additional value.

Covered parking is always a sought-after feature, and having both garage space and carport coverage offers convenience for vehicles, storage, tools, workshops, hobbies, or future use depending on renovation plans.

Although the garage also has roof damage, the structure contributes to the overall potential of the property and may become an important asset after repairs and updates.

The spacious lot itself is another major advantage. Mature trees surround the property, creating a peaceful and shaded setting that enhances curb appeal and contributes to the neighborhood’s character.

Outdoor space is increasingly important for buyers and renters alike, and this lot offers room to create:

  • Landscaping improvements
  • Outdoor entertaining spaces
  • Garden areas
  • Recreational use
  • Expanded parking options
  • Future enhancements (subject to approvals)

Properties with usable lot space and mature landscaping often attract buyers who value privacy, outdoor living, and the natural beauty of established neighborhoods.

Location is one of this property’s strongest assets.

Riverhills Park is a well-established area in Jacksonville, known for its quiet streets, mature trees, and convenient access to key destinations.

Residents enjoy proximity to:

  • Major roadways
  • Shopping centers
  • Restaurants
  • Downtown Jacksonville
  • Parks and green spaces
  • Recreational areas
  • Nearby waterfront access

The neighborhood’s connection to the Trout River adds to its natural appeal, creating a more relaxed and scenic atmosphere compared to more densely developed urban areas.

This balance of convenience and tranquility is one of the reasons established neighborhoods like Riverhills Park continue to attract attention from buyers and investors.

Being able to access city amenities while still enjoying a peaceful residential setting is a combination that adds long-term value.

For investors, location matters just as much as the structure itself—and this property checks an important box by being situated in an area with convenience, accessibility, and neighborhood appeal.

The property is being sold AS IS and is currently vacant, making it ready for the next owner to begin planning and renovations.

This is a full rehab opportunity, which means buyers should be prepared for substantial repairs and updates.

Because of the property’s condition, cash or hard money financing is required, making this best suited for experienced investors, rehab specialists, or buyers familiar with renovation projects.

Properties like this are not for everyone—but for the right buyer, they can offer significant upside.

Renovation opportunities often begin with homes that need work but have strong fundamentals:

  • Established neighborhood
  • Spacious lot
  • Multiple structures
  • Covered parking
  • Rental potential
  • Flexible layout
  • Character and charm
  • Convenient location

This property offers all of those ingredients.

Another important requirement for interested buyers is that a Hold Harmless document must be signed prior to viewing. This is a common requirement for properties in distressed condition where safety considerations must be acknowledged before entering.

The seller has also made it clear that no sight-unseen offers will be accepted.

Any buyer submitting an offer must have physically viewed the property, ensuring that interested parties understand the home’s current condition and renovation requirements firsthand.

This helps protect both buyer and seller while encouraging informed purchasing decisions.

Buyers should also understand that:

  • Seller never occupied the property
  • Information provided is believed to be accurate but not guaranteed
  • Buyer and buyer’s agent must perform independent due diligence
  • All inspections, verifications, and research are the responsibility of the buyer

These are standard but important reminders in distressed property transactions.

For the savvy investor, this property presents multiple angles of opportunity.

Option 1: Renovate and Resell
Transform the main house and detached studio into a fully updated property with expanded appeal and resale potential.

Option 2: Income-Producing Rental
Renovate the main house and detached studio to create multiple streams of rental income depending on buyer strategy and local regulations.

Option 3: Multi-Generational Living
Restore both structures for extended family use or flexible living arrangements.

Option 4: Long-Term Hold Investment
Improve the property and hold as an appreciating asset in an established Jacksonville neighborhood.

This kind of flexibility is what makes properties like this especially attractive to buyers with vision.

The 1939 construction, mature lot, detached studio, garage, carport, and location in Riverhills Park create a package that is increasingly difficult to find.

While significant work is required, opportunities with this much upside often reward buyers who can recognize value where others see only repairs.

At its core, this property is about vision, location, and potential.

It is not a move-in-ready home—it is a project ready for transformation.

For buyers who understand renovation, value-add opportunities, and the power of location, this property offers a chance to create something special while building equity and future value.

If you’ve been searching for a Jacksonville rehab project with income potential, detached living space, garage parking, and a strong location, this rare Riverhills Park opportunity deserves serious attention.

Bring your contractor, your ideas, and your imagination—because opportunities like this are all about seeing what could be, and this property has plenty of room for that vision to come to life.

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From: Zillow

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