Sold

109 B Street

St Augustine FL, 32080

$2,150,000


$397.27 per sqft

Sold

12 Beds

8 Baths

5,412 sqft

Multi-family

Built in 2000

Located on three large COMMERCIAL lots, this turn-key immediate income producing VACATION RENTAL QUADPLEX is situated along the most sought after stretch of A1A Beach Blvd in St. Augustine Beach. Just ONE BLOCK from the beach with top eateries, bars, and local businesses all within walking distance. The four units are individually metered, each featuring a 1,353 sf 3 bedroom/2-bathroom two story townhouse style home. All four units have a coveted SHORT TERM RENTAL LICENSE and have proven to be favorites for vacationing families, snowbirds, and year-round tourists traveling to one of Florida's top destinations. Each unit has been recently remodeled and newly furnished with a unique theme. Units are all highly rated on AirBnB and VRBO ,and all reviews can transfer to the new owner with retention of the existing property management company. All units are set up as smart homes for remote management of guest access via locks, doorbell video, climate control, and other IOT devices.
This is a fantastic opportunity to own a private, fully furnished, multi-family, turnkey vacation rental in the heart of St. Augustine Beach, which provides for an immediate income producing investment. Possibilities are endless with this size commercial land on the island, offering a rare combination of location, unit mix, and flexibility for an owner-user, investor, vacation rental, or a combination of all. Lots measure 150x100 which allows space to add a pool, explore expansion, condominiumizing, or tear down and build 3 new upscale beach houses. Recent building improvements include a NEW ROOF in 2020, remodeled kitchens and granite countertops throughout! New paint, lights, fixtures, gutters, and too many more features to list!!! Ample off-street parking. No HOA and no CDD, this island property is located in the highly coveted residential beach neighborhood of Coquina Gables. Only a 10-minute drive to historic downtown Saint Augustine, National Monuments, Lighthouse, Amphitheater, Alligator Farm, and everything else this spectacular location has to offer. $174k+ in annual revenue and that's with the current owner occupying one of the units seasonally. Revenues are estimated to be $220k+ without an owner-occupant model. *Lots 6,8,10. Parcel #1707000000******DO NOT ENTER THE PROPERTY WITHOUT A SCHEDULED SHOWING******The property is a highly successful operation with guest stays year round. Showings are limited to in-between guest stays for qualified buyers only

1179154

MLS ID

July 4, 2022

Listed

March 21, 2024

Updated

Map

109 B Street
St Augustine FL, 32080

Interior Features

Total Stories

2


Bedrooms

12 Beds


Bathrooms

8 Baths


Appliances

Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer


Floor Description

Carpet, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Attic Fan, Central Air, Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Roof

Shingle

Other Property Details

Area Name

331-St Augustine Beach


Garage

No


Parking

Guest, Parking Lot, RV Access/Parking


View

No


County

St. Johns


Pool

No


Pool Features

None


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

6/21/2023

Sold

$2,150,000

Courtesy of SLATE REAL ESTATE

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor House and Haven shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by NEFMLS.

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Data last updated 6:07 PM UTC, 3/21/2024

 

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