Emerald Lakes 2 bedroom 2 1/2 bath Townhome with Existing Tenant of 10 years in place. Lease effective until May 31, 2026. Current income is $1700 per month. Florida Law dictates lease to be honored, such that SALE is SUBJECT TO LEASE. Tenant has rights under the lease. **Please note: Emerald Lakes at this time has a POLICY whereby owners MAY NOT LEASE. However, this is an existing tenant with leasehold rights! Unit was Built in 1983, and unit is mostly original! However the fence was replaced in 2024. NEW Mansards installed 2024. Tenant reports all mechanicals in working condition. (Tenant owns washer and dryer). Very Low HOA fees of $249 per month, and a Buyer application fee of $150. 2 pets up to 35 lb allowed. Two parking spaces. Subject is close to clubhouse and pool. This is your opportunity to Buy a reasonably priced unit, collect rent until end of next May and then remodel the unit to your personal taste. *Roof 2002, AC 2 Yr Old, Hotwater 2 Yr Old
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
Interior Features
- KitchenDiningCombo
- LivingDiningRoom
- WalkInClosets
- Flooring: Carpet
- Window Features: Sliding
Appliances
- Dishwasher
- ElectricRange
- Refrigerator
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
- Balcony
- Fence
- StormSecurityShutters
- TennisCourts
- Patio And Porch Features: Balcony, Open
- Road Frontage Type: PrivateRoad
- Road Surface Type: Paved
Pool and Spa
Land Info
- Lot Size Acres: 0.033
- Lot Size Square Feet: 1437
Garage and Parking
- Parking Features: Assigned
Homeowners Association
- Association: Yes
- Association Fee: 249
- Association Fee Frequency: Annually
- Association Fee Includes: AssociationManagement, CommonAreas, MaintenanceGrounds, Parking, RecreationFacilities, Security, Trash
- Calculated Total Monthly Association Fees: 249
- Association Phone: 7722203684
- Pets Allowed: NumberLimit, SizeLimit, Yes
- Senior Community: No
Amenities and Community Features
- Community Features: Clubhouse, Park, Pickleball, PropertyManagerOnSite, Pool, StreetLights, TennisCourts, TrailsPaths, Gated
Other Property Info
- Annual Tax Amount: 3850
- Source Listing Status: Active
- County: Martin
- Directions: East of US#1 at Cove Road 1 block to Emerald Lakes entrance. At gate use key pad "right side" "4152 Enter". Second right into "Court Two" third bldg on the left.
- Tax Year: 2024
- Restrictions: NoLease
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 14-Hobe Sound Stuart S of Cove Rd
- Property Subtype: townhouse
- Source Neighborhood: Emerald Lakes Ph 2
- Parcel Number: 253841005000021207
- Postal City: Stuart
- Subdivision: Emerald Lakes Ph 2
- Property Subtype: Townhouse
Building and Construction
- Total Square Feet Living: 1288
- Year Built: 1983
- Building Area Total: 1288
- Construction Materials: Concrete, Stucco
- Property Age: 42
- Property Condition: Resale
- Levels or Stories: 2
- Building Total Stories: 2
- Structure Type: Townhouse
- Year Built Details: Resale
- Year Built Source: PublicRecords
Utilities
- Electric: Volts110, Volts220
- Sewer: PublicSewer
- ElectricityAvailable
- ElectricityConnected
- SewerAvailable
- SewerConnected
- SeparateMeters
- WaterAvailable
- WaterConnected
- Water Source: Public
Home Features
- Security Features: GatedCommunity
