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Updated almost 7 years ago on . Most recent reply

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Eric Mott
  • Jacksonville, FL
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Anyone brave enough to invest in the Moncrief area?

Eric Mott
  • Jacksonville, FL
Posted

I was browsing some properties and a few seemed like they had good potential to be fixed up, but they are in pretty terrible neighborhoods.  I'd be curious to hear about anyone's experiences renting out in bad areas of Jax and if it was worth it.

Thanks! 

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Jack Bobeck
  • Rental Property Investor
  • Jacksonville, FL
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Jack Bobeck
  • Rental Property Investor
  • Jacksonville, FL
Replied

@Eric Mott The Moncrief area has been in the news of late. Some sad drive-by shootings. Its an area that has many drug related issues. Sad, but many innocent people trying to get by and live their lives and caught in the middle of unnecessary violence. That link I posted is to a story where there were over 40 shell casings, between 2 guys who grew up as "brothers". 

I would say 32254 would be better, but that area, the Lackawanna area, has been hit hard of late. This area has over 50 abandoned or condemned houses. There are great deals there, but you need to make sure you do your due diligence. So these guys offering "turnkey" options may be a good option, but know what you are getting into here in Jacksonville. 

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