Condo $ 380,000

758 TIDEWATER CT

Ponte Vedra Beach, FL 32082

  • 3 Beds
  • 2 Baths
    Full Baths: 2
  • 1,330 SqFt
  • 1983 Year Built
TURNKEY 3 BR ASSET | PONTE VEDRA BEACH, FL 32082 | 9% GROSS YIELD | Approx. 5% CAP RATE Leased 3 BR investment property in the sought-after Summerhouse community of Ponte Vedra Beach, within the highly regarded St John's County School District, currently ranked the #1 school district in Florida by Niche. Mayo Clinic medical facilities are nearby, as are TPC Sawgrass and ATP Tour's Ponte Vedra Beach offices. The property has a tenant in place through May 2027 at $2,800/month, providing immediate cash flow. Based on a $380,000 purchase price, the property offers an 9% gross yield and an approx. 5% cap rate, subject to buyer verification of all income and expenses. HOA is $706/month and covers water, sewer, exterior/common-area maintenance, and roof reserves, supporting a relatively passive ownership profile and income stream. Located in the desirable 32082 zip code, the property features a less common 3 BR layout within the community, which may appeal to a wider tenant and resale audience than smaller floor plans. Due diligence materials, including the lease agreement, extension addendum, and tenant payment history, are available to qualified buyers. To respect tenant privacy, interior access will be provided upon proof of funds and LOI or initial offer. Seller is offering a $5,000 credit toward buyer's closing costs to facilitate a smooth cash transaction.
Listed by SAVVY AVENUE, LLC.

PROPERTY DETAIL

  • Key Details

    Property Type Condo

    Sub Type Condominium

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 330 sqft

    Price per Sqft $285

    Subdivision Summer House

    MLS Listing ID 2140788

    Bedrooms 3

    Full Baths 2

    HOA Fees $706/mo

    HOA Y/N Yes

    Year Built 1983

    Property Sub-Type Condominium

    Source realMLS (Northeast Florida Multiple Listing Service)

  • Location

    State FL

    County St. Johns

    Community Summer House

    Area 261-Ponte Vedra Bch-S Of Corona-E Of A1E/Lake Pv

    Direction East of A1A in Ponte Vedra Beach, Summer House

  • Building

    Story 2

    Water Public

    Level or Stories 2

    New Construction No

  • Interior

    Heating Central

    Cooling Central Air

  • Exterior

    Parking Features Additional Parking, Guest, Off Street

    Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

    Garage No

    Private Pool No

  • Others

    Senior Community No

    Tax ID 0615000758

    Acceptable Financing Cash, Conventional, Lease Purchase

    Listing Terms Cash, Conventional, Lease Purchase

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