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2503 WATERS EDGE Drive, Neptune Beach, FL 32266

$185,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 940 Status: Closed
Current Price: $185,000 List Date: 12/01/2022 Last Modified: 2/20/2025

Overview

Description

9% cap rate. See report attached. INVESTMENT opportunity & great value in the heart of Neptune beach. Townhome tucked away near the intercoastal. Fenced backyard and covered patio. Large laundry room. Tile in the main downstairs living area. Balcony upstairs in main bedroom with walk in closet and overlooks marsh. Virtual staging and renovation photos of the kitchen and back patio showcase the potential of this space to transform to your preference. Minutes from beaches, top rated schools and Neptune entertainment and dining. Driving distance to Naval Station Mayport. Investor report attached showing with a 20k investment an amazing cap rate and ROI.

Listing Details MLS# 1202569

General Property Information

Bedrooms Total
2
Bathrooms Full
Yes
Bathrooms Half
Yes
Bathrooms Total
2
Living Area
940
Living Area Source
Public Records
Year Built
1980
Association YN
No
CDD Fee YN
No
New Construction YN
No
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Stories
2
Directions
From Florida Boulevard turn onto Kings Cir. Take a left onto Pine place and follow until it dead ends into Watersedge Dr. Take a right onto Watersedge Dr and property is the second building on right.
Public Remarks
9% cap rate. See report attached. INVESTMENT opportunity & great value in the heart of Neptune beach. Townhome tucked away near the intercoastal. Fenced backyard and covered patio. Large laundry room. Tile in the main downstairs living area. Balcony upstairs in main bedroom with walk in closet and overlooks marsh. Virtual staging and renovation photos of the kitchen and back patio showcase the potential of this space to transform to your preference. Minutes from beaches, top rated schools and Neptune entertainment and dining. Driving distance to Naval Station Mayport. Investor report attached showing with a 20k investment an amazing cap rate and ROI.
List Price/SqFt
212.77
Sold Price/SqFt
196.81
Garage Spaces
0

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Eat-in Kitchen; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Security Features: Smoke Detector(s) Construction Materials: Frame; Shell Dash Exterior Features: Balcony Patio And Porch Features: Porch; Screened Pool Features: None Roof: Shingle Lot Features: Cul-De-Sac View: Water Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type
Townhouse
Property Attached YN
Yes
Listing Contract Date
2022-11-30

Location Tax and Legal

Street Number
2503
Street Name
WATERS EDGE
Street Suffix
Drive
County
Duval
State
FL
Postal Code
32266
MLS Area Major
222-Neptune Beach-West
Subdivision Name
Waters Edge

Status Change Information

Major Change Timestamp
2022-12-19T21:44:20Z
Major Change Type
Status Change
Purchase Contract Date
2022-12-03
Close Date
2022-12-12
Close Price
185000

DPR Eligible

DPR Eligible
No

More Information

Historical Information

Public Historical Remarks 1
Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2
Dining-Living/Dining Combo: Y

Location, Tax, and Legal

Country
US
Parcel Number
1775320502
Tax Legal Description
B DE CASTRO Y FERER

Approx Parcel Size

Less than .25 Acre
Yes

Appliances

Disposal
Yes
Electric Range
Yes
Electric Water Heater
Yes
Microwave
Yes
Refrigerator
Yes

Construction Materials

Frame
Yes
Shell Dash
Yes

Cooling

Central Air
Yes
Electric
Yes

Current Use

Residential
Yes

Exterior Features

Balcony
Yes

Fencing

Back Yard
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Central
Yes
Electric
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Cul-De-Sac
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Security Features

Smoke Detector(s)
Yes

Utilities

Cable Available
Yes

View

Water
Yes

Water Source

Public
Yes

Patio And Porch Features

Porch
Yes
Screened
Yes

Interior Features

Eat-in Kitchen
Yes
Split Bedrooms
Yes
Walk-In Closet(s)
Yes

Room Information

Room Name
Utility Room
Listing Office: KELLER WILLIAMS FIRST COAST REALTY
Source MLS Verified
Last Updated: February - 20 - 2025
Information deemed reliable but not guaranteed.

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