For sale Condo in Duval County Florida USA | Buy Real Estate

Discounted by more then 50% from peak prices and more than 25% from build cost with yields of 9% and above.

The Gardens of Bridgehampton offers a tremendous opportunity for you to purchase a tenanted condo in a luxurious, Class “A” condominium, at 50% discount to peak prices. Built in 2005, the property’s many high-end unit features, variety of floor plans and extensive community amenities place it among the most luxurious multi-family communities in the marketplace.

Situated only 1 mile away from St. Lukes Hospital, and a short drive from the University of North Florida. and 2 miles away from the 13 million sq ft Deerwood Business Park home to many blue chip employers including:

American Express

Comcast

Merrill Lynch wealth management (3,000 employed here)

Blue Cross Blue Shield (Employ 7,134 people at this branch)

Bank Of America Corporation

United Health Care Services

Cisco Systems

Bank Of New York

Chase Manhattan Corp

Wachovia Bank

CIT Financial

Charles Schwav

Fidelity Real Estate

ITC Financial

The development is located 2.9 miles away from the shops and restaurants of St Johns Town Centre, home to Louis Vuitton, Apple and Swarovski to name but a few.

Example financial breakdown:

• Purchase price:$120,000
• Historic average sales price: $247,476
• Estimated build cost: $170,417 (including land, build and fixtures)
• Annual rental income: $16,800
• Annual fixed cost: $7,162.44 (Management, HOA, Tax)
• Annual rental profit: $9,637.56 (8.03%)

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