$12,789,000
ORANGE PARK, FL 32073
MLS# 935563
Status: Sold
99 beds | 162 baths
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Property Description
Extraordinary opportunity on the St Johns River next to Club Continental. Consists of 60 of the 76 condominiums at Villas Continental and Yacht Club plus two 12 unit waterfront apartment buildings. The property is nestled among century old oak trees with stunning views of the St Johns River. Approximately 7.5 acres of land with 720 feet of waterfront. Current amenities include private boat ramp and fitness center plus the option for residents to join Club Continental with easy access to pool, tennis, restaurant and bar. Turn-key income producer with stable current tenant base, below market rents allowing for immediate upside, city water and sewer service and onsite sales/leasing office. The development possibilities of this property are endless. Actual bedroom count is 197.
Details
Maps
Listing Information
Realtor.COM Type: Multi Family
Category: Investment Income/Apartment
Status: Sold
Listing Date: 2018-05-08
Comp Single Agent: 1.75
Comp Trans Broker: 1.75
Comp to Non-Rep: 1.75
Region: 13-ORANGE PARK
Area: 137-DOCTOR'S LAKE
Price: 12789000
Real Estate Parcel #: 0000000
Under Contract Date: 2018-08-29
Sold Date: 2018-09-27
Sold Price: $10,550,000
Location, School & Taxes
Street Number: 2223
Street Name: ASTOR
Street Sfx: ST
State/Province: FL
County: DUVAL
Postal Code: 32073
Country: USA
Legal Name of Subdiv: VILLAS CONTINENTAL
Subdivision: VILLAS CONTINENTAL
Property Description
Number of Units: 84
Bedrooms: 99
Bathrooms: 162
Full Baths: 162
Year Built: 1968
Current Zoning: MultiFamily
Historic Area: N
Waterfront Y/N: Y
Navgble to Ocean Y/N: Y
Approx. Heated SqFt: 100339
Directions and Remarks
Directions: Take 295 to Hwy 17 South (Roosevelt). Left on Milwaukee Avenue. Go to end of the street and entrance will be towards right.
Stories
# Stories: 3
Unit Info
Total # Units: 84
# 1 Bedroom Units: 6
# 2 Bedroom Units: 43
# 3 Bedroom Units: 35
Waterfront Descript
Waterfront Footage: 720
Property Features
Type: Sngl Family-Attached; Condominium; Multi Units; Garden Apartment
Number of Units: 50 - 100 Units
Number of Buildings: 4+ Buildings
Building Stories: 3 Stories
Square Foot Source: Tax Roll
Type of Heating: Central Heating
Type of Cooling: Central Cooling
Utilities: Water - Public; Sewer - Public; Sep Elect Meter(s); Common Water; Common Sewer
Roof: Shingle; Tile
Pool: No Pool
Parking Facilities: Detached Parking; Covered Parking; Guest Parking
One Bdrm Rentals: Over $600/Month
Two Bedroom Rentals: $1001 to $1500/Month
Three Bedroom Rental: $1001 to $1500/Month; Over $1500/Month
Present Rental Terms: Year
Rental Includes: Refrigerator; Range/Oven; Dishwasher; Washer; Dryer
Waterfront Descript: Creek; Access to Ocean; Riverfront; 2'-6' Dpth
Lot Description/View: Riverview; Other Water View; Water Access; Sidewalks; Bulkhead
Lot Location: Suburban
Road Surface: Asphalt Road
Documents on File: Photos on File; Video on File
Occupancy: Tenant Occp Sbjt Lse
Export Options: Publish Address
Supplements
With only 16 individually owned condos, it affords the new owner a realistic opportunity to acquire the whole development. Thus, allowing maximum flexibility and significantly increasing the value of the asset. Property previously had a 30-slip marina in the protected yacht basin that new owners may be able to rebuild.
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Last Updated: September - 27 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.