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Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Apartments (5+ Units)
Listing Status Active
Purchase Type For Sale
Subdivision Daniels Sub
MLS Listing ID 260135
HOA Y/N No
Year Built 1915
Property Sub-Type Apartments (5+ Units)
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.
Location
State FL
County St. Johns
Area 05S
Zoning RS-2
Interior
Heating Window Unit
Cooling Window Unit
Exterior
Utilities Available Trash
Building
Water City
Listed by One Sotheby's Int (A1A Beach)