Waterfront Condo with
8550 TOUCHTON Road 638 Jacksonville, FL 32216
8550 TOUCHTON Road 638, Jacksonville, FL, 32216
$209,900
For Sale
$209,900
Move-in ready condo with loft, waterfront view, and many amenities.
Property Size1,285 SF
Lot Size0.01 Acres
Price / SF$163.35
Days on Market684
Property Features for 8550 TOUCHTON Road 638
General Information
- Standard status
- Active
- Size
- 1,285 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2005
Listing agency
WATSON REALTY CORP
(904) 397-8936
Listed by
TALIA MICHELLE PARKS · License #3595909
(904) 397-8936
Source
Exitrealty
Added: Sep 6, 2024 Updated: Jul 10 at 3:51PM Checked: Jul 21 at 5:00AM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
This move-in ready, waterfront condo features two primary suites and a ground floor storage room, situated within the gated Montreux community. The top-floor entry reveals vaulted ceilings and a spacious loft suitable for office space or flexible use. A screened balcony offers water views. The unit features new LVP flooring, new carpet, and fresh interior paint. The property is conveniently located within walking distance of a Publix shopping center and minutes from UNF, Tinseltown, and the St. Johns Town Center. Montreux amenities include two pools, a sauna, a walking path around the lake, tennis courts, volleyball courts, and an indoor basketball court. The clubhouse offers a fitness center, movie theatre room, a billiard/game room, plus a car wash. The property size is 1285 square feet.
Key Highlights
- Waterfront condo in gated Montreux community.
- Two primary suites plus ground floor storage.
- Move‑in ready with new LVP flooring, new carpet, and fresh paint.
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 | $19.1k | $14.88 |
| − Vacancy | −$1.8k | −$1.43 |
| EGI | $17.3k | $13.45 |
| − OpEx | −$7.8k | −$6.05 |
| NOI | $9.5k | $7.40 |
1,285 SF · lease $14.88/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$135.8K
$118.8K – $158.5K
NOI $9,507 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TR Studio
Artist
Youth Empowerment Services ...
Child Welfare Organization
Casa de Ruth
Apartment Complex
Pegine - Keynote Speaker ...
Training Center
Montreux At Deerwood Lake
Property Management Company
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Move-in ready condo with loft, waterfront view, and many amenities.
Where is this residential income property located?
The property is located at 8550 TOUCHTON Road 638 Jacksonville, FL.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Waterfront condo in gated Montreux community.; Two primary suites plus ground floor storage.; Move‑in ready with new LVP flooring, new carpet, and fresh paint.
