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    1/2 BATHS
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Listing Details

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School Ratings & Info

Description

This is for an investor only. Perfect for a 1031 exchange. Cash only. The owner owns a business and his employees will live there. He will sign a 12 month lease at $1450 a month and the business will be paying the rent. This is a 3rd floor 2BR/2BA . Stackable washer/dryer plus the usual appliances with a screened in porch. Overlooks the trees. Complex has a beautiful pool and a gym. 10 minutes from the beach, 10 minutes from downtown. Dues have not gone up in 8 years and has over $650,000 in reserves with new roofs and was painted 2 years ago. Complex is self managed and very well run by a full time manager. The listing Realtor is the President of the Condo Association and owns 14 units. Full time management on site. Very few units are ever listed in this complex. Here the math. Per month Rent $1450 Expenses $426 [Dues are $267, prop taxes $130 insurance $30] Monthly profit $1026 Yearly profit $12,312 Based on the $189,000 price Return is 6.5% This is without repairs

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© 2021 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Impact Group with Momentum Realty. Data last updated 2021-09-17T23:30:37.96.
www.impactgroup904.com/homes/118429313
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435 S Villa San Marco Drive , #306 St Augustine, FL 32086

  • Price: $194,000
  • Status: Active
  • MLS #: 214321
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,086
SQFT
$179
$/SQFT
2004
Built
Neighborhood:
Villa San Marco
County:
Saint Johns
Area:
11
Property Description
This is for an investor only. Perfect for a 1031 exchange. Cash only. The owner owns a business and his employees will live there. He will sign a 12 month lease at $1450 a month and the business will be paying the rent. This is a 3rd floor 2BR/2BA . Stackable washer/dryer plus the usual appliances with a screened in porch. Overlooks the trees. Complex has a beautiful pool and a gym. 10 minutes from the beach, 10 minutes from downtown. Dues have not gone up in 8 years and has over $650,000 in reserves with new roofs and was painted 2 years ago. Complex is self managed and very well run by a full time manager. The listing Realtor is the President of the Condo Association and owns 14 units. Full time management on site. Very few units are ever listed in this complex. Here the math. Per month Rent $1450 Expenses $426 [Dues are $267, prop taxes $130 insurance $30] Monthly profit $1026 Yearly profit $12,312 Based on the $189,000 price Return is 6.5% This is without repairs
Exterior Features

Acreage N/A Entry Level 3rd Story Lot Size N/A New Construction YN No Parking Facilities No Assigned Parking

Interior Features

Air Conditioning CentralElectric Heat CentralElectric Master Bath Tub/Shower Combo Master Bedroom Level 1 Other Sq Ft 80 Personal Property DishwasherDisposalMicrowaveRangeRefrigeratorWindow TreatmentsWasher/Dryer

Property Features

Assoc Maint Fee 267 Bank Corporate Owned YN No Cdd YN No Community Features ExerciseCommunity Pool Unheated Condo Fees ManagementMaster PolicyTermite BondTrash CollectionWater Condo Restrictions See Docs Hoa Term Monthly Hoa YN Yes Management Full-TimeOn-Site Minimum Lease Term 6 Months Short Sale YN No Source Of Measurement Owners Tax Year 2020 Taxes 1462 Water County Zoning Res

Listing courtesy of Florida Coastal St Augustine Realty, Inc.


© 2021 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Impact Group with Momentum Realty. Data last updated 2021-09-17T23:30:37.96.
 
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The Impact Group with Momentum Realty
14333 Beach Blvd
Jacksonville Beach FL, 32250