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