Key Facts
- MLS® #: 260135
- Property ID: SIRC3042178
- Original Price: USD 1,299,963
- Property Type: Residential, Other
- Year Built: 1915
- Bedrooms: 7
- Listed By:
- Frank O'Rourke
Property Description
Opportunity knocks - solid cash flow and strong demand....Downtown multi-family property on two lots. Long rental history and excellent location make this apartment complex a solid investment. The adjacent vacant lot provides ample parking for tenants and guests. Each apartment has a private entry and assigned parking. On-site laundry available for tenants. Each apartment is separately metered for electric and the owner pays for water. This complex is a short walk to downtown St. Augustine and convenient to restaurants, shopping, and attractions. A very favorable location for tenants due to the ease of access to nearby employment. The building and grounds are very well-maintained and allow for ample outdoor space as well as privacy. There have been continued updates and renovations throughout since 2007. Total monthly gross rental income from 6 apartments:$7,430. The RS-2 zoning allows for weekly rentals, making it an option for a rental income mix of both long and short-term rentals.
Amenities
- Walk-in Closet
Listing Agents
- Frank O'Rourke
C. 9048063063
O. 9048063063
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Location
18 Arenta Street , St Augustine, Florida, 32084 United States
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ONE Sotheby's International Realty
301 A1A Beach Boulevard
St. Augustine, Florida, 32080
United States
904.474.4189
