About This Property
Amazing opportunity to own 2bldgs with 2 units each; located in Downtown Historic St Augustine. Property zoned RS2; owner currently uses 2 of the units for short-term or vacation rentals, the other 2 units have a longer term leases on file. Over $120k gross rent potential!!! Please check out virtual tour for each of the units. Unit A(2/1), B(1/1), D(1/1) will be sold fully furnished/turn key. Unit C(2/1) is tenant occupied on lease. Owner has license to operate short term rentals with City of St Augustine. Seller Financing Available and seller will manage property post-sale if desired for management fee(s). Owner is currently a Superhost on Airbnb other online booking sites, and VRBO for advertising and booking the two short term rentals. Low vacancy, & positive reviews. Lots of stars!!Property is located in highly desired downtown historic district just down the street from The Fountain of Youth. On Trolley path with high visibility. See docs section for additional information on leases, income, expenses, and projected future ROI/CAP rate. Current CAP projected over 10% based on rental history and future bookings. Future CAP can be higher based on future use of property -- could have all 4 AirBnb. Tenant occupied and also still being used actively as a short term rental. Showings must be approved by showing agent, financials provided, and a minimum of 24hrs in advance.
Gas - Bottled, Sewer - Public, Water - Public
No Covered Parking, Other Parking
French Door(s), Tile Floors, Vinyl Floors
Range Gas, Washer/Dryer Connect
Space Heating, Window/Wall Heating
1 Fireplace, Fireplace-Living Rm, Wood Burning Frplc
Cementitious Siding, Stucco, Wood Siding
KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
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Listing information last updated on October 16th, 2019 at 7:38am EDT.