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Key Details
Property Type Multi-Family
Sub Type Apartments (5+ Units)
Listing Status Active
Purchase Type For Sale
Subdivision Daniels Sub
MLS Listing ID 250035
HOA Y/N No
Year Built 1915
Annual Tax Amount $8,897
Tax Year 2024
Property Sub-Type Apartments (5+ Units)
Property Description
Downtown multi-family property on two lots. Long rental history, strong demand and excellent location make this apartment complex a solid investment and a great opportunity. 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 owner pays water. This complex is within walking distance to downtown St. Augustine and convenient to restaurants, shopping, and attractions. Also, 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
Location Details City
Exterior
Utilities Available Maintenance, Sewer, Trash, Water
Building
Water City
Listed by One Sotheby's Int (A1A Beach)
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CC Underwood
Owner