Water Access Condo with
5375 ORTEGA FARMS Boulevard 505 Jacksonville, FL 32210
5375 ORTEGA FARMS Boulevard 505, Jacksonville, FL, 32210
$139,000
Pending
For Sale
$139,000
Pending
Move-in ready condo with deep water access and modern amenities.
Property Size1,091 SF
Lot Size0.01 Acres
Days on Market617
Property Features for 5375 ORTEGA FARMS Boulevard 505
General Information
- Standard status
- Pending
- Size
- 1,091 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1969
Listing agency
PREMIER HOMES REALTY INC
(904) 214-4780
Listed by
MICHAEL HICKS · License #3379664
Source
Exitrealty
Added: Nov 11, 2024 Updated: Jul 6 at 12:21PM Checked: Apr 6 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PREMIER HOMES REALTY INC
Investment Insights
Based on property information with market context.
This move-in ready condo, with 1091 square feet of space, is located in a gated community that offers deep water access. The property features granite countertops in the kitchen and both bathrooms, stainless steel appliances, and upgraded flooring in the main downstairs area. New carpet has been installed. Community amenities include a pool, waterfront rooftop and clubhouse, gym, yoga room, sauna, business center, wine cellar, and a dock for boats and jet skis. Boat and jet ski slips are available for purchase or rent. The HOA fee covers water and sewer, exterior insurance, and pest control.
Key Highlights
- Deep water access with dock for boats and jet skis, with slips available for purchase or rent.
- Gated community featuring a pool, waterfront rooftop & clubhouse, gym, yoga room, sauna, business center, and wine cellar.
- HOA fee includes water/sewer, exterior insurance, and pest control.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.2k | $14.88 |
| − Vacancy | −$1.6k | −$1.43 |
| EGI | $14.7k | $13.45 |
| − OpEx | −$6.6k | −$6.05 |
| NOI | $8.1k | $7.40 |
1,091 SF · lease $14.88/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$115.3K
$100.9K – $134.5K
NOI $8,072 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.9K
$261.5K – $348.7K
NOI $20,921 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Venetian On the Ortega
Condominium Complex
Corporate Marketing Management
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Move-in ready condo with deep water access and modern amenities.
Where is this residential income property located?
The property is located at 5375 ORTEGA FARMS Boulevard 505 Jacksonville, FL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Deep water access with dock for boats and jet skis, with slips available for purchase or rent.; Gated community featuring a pool, waterfront rooftop & clubhouse, gym, yoga room, sauna, business center, and wine cellar.; HOA fee includes water/sewer, exterior insurance, and pest control.
