$89,000
311 W ASHLEY Street 1015, Jacksonville, FL 32202, Jacksonville, FL 32202
Residences At City Place
- Price
- $89,000
- Beds / Baths
- 0 / 1
- Living area
- 401 sqft
- Year built
- 1949
- Type
- Condo
- Lot
- —
- Garage
- 0
- HOA
- $334/mo
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 31
$222/sqft asking, vs a $194/sqft median across 53 closed sales in 32202 over the last 12 months — 14% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Investor opportunity in the heart of Downtown Jacksonville! This secure 17-story high-rise studio located on the 10th floor with amazing city views offers immediate cash flow. The long-term Section 8 tenant is paying $1,044 per month through October 31st. Ideally located next to the transformative Pearl District development, just two blocks from the new Publix and minutes from EverBank Stadium, where a $1.4 billion redevelopment is underway. Electricity is separately metered, while water and sewer are included in the HOA dues. Building amenities include controlled key-fob entry, a laundry room, a fitness center, and a conference room. Professionally managed, this turnkey property generates over $12,000 in annual gross rental income in one of Jacksonville's fastest-growing urban markets. The studio also comes partially furnished. Property manager offering first 3 months free management with a 12-month contract.
What to check on this one
- Verify condo milestone inspection report and current SIRS status with building management.
- Request last 3 years of condo financial statements, reserve fund study, and special assessments.
- Confirm Section 8 lease terms, tenant history, and actual occupancy through October 31st expiration.
- Obtain roof age/condition report for 1949 high-rise; verify current insurance carrier acceptance.
- Review HOA rental policy restrictions and any short-term rental prohibitions in bylaws.
- Request estoppel letter showing all HOA/condo fees current and no pending liens or violations.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $71,200 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of THIRDSTONE PROPERTIES LLC. Data via realMLS (Northeast Florida MLS), updated Aug 7, 2026, 5:01 PM.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.