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109 B St

St Augustine, FL 32080
  • $2,250,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1179154
UPDATED: 66 min ago
$2,250,000
  • 12
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,412
    SQFT
  • $416
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2000
County:

School Ratings & Info

Description

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

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© 2022 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than 97Park are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2022-08-13T21:27:05.147.

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109 B St St Augustine, FL 32080

  • Price: $2,250,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 66 min ago
  • MLS #: 1179154
12
Beds
8
Baths
0
½ Baths
N/A
Acres
5,412
SQFT
$416
$/SQFT
2000
Built
Neighborhood:
Coquina Gables
County:
St. Johns
Area:
33-St Johns County-Se
Property Description
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
Exterior Features

Building Stories 2 Stories Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities 11 - 25 SpacesConcreteGuest ParkingOther ParkingRv/Boat Parking Pool No Pool Road Frontage City Street Road Surface Asphalt Road Roof Shingle Waterfront YN No

Interior Features

Cooling Central CoolingElectric Source Energy Features Attic Fan Heating Central HeatingElectric Source Interior Amenities FurnishedRv/Boat ParkingTile FloorsWalk-In ClosetsWall To Wall Carpet Major Appliances DishwasherDisposerDryerMicrowaveRange - ElectricRefrigeratorWasher Rental Includes CarpetingDishwasherDisposalDryerFurnitureRange/OvenRefrigeratorWasher Water Heater Electric Water Heatr

Property Features

Buildings 1 Building Country Usa Current Zoning Multi-Family Documents On File Photos On FileSurvey On File Historic Area No Land Use Code 0800 Legal Name Of Subdiv Coquina Gables Multifamily Type Four-Plex Occupancy At Closing Possible Financing CashConventionalVa Square Foot Source Tax Roll Unit Info Total Units 4 Unit Info1 Bedroom Units 3 Unit Info2 Bedroom Units 3 Unit Info3 Bedroom Units 3 Unit Info4 Bedroom Units 3 Units 4 Units Utilities Sewer - PublicWater - Public

Listing courtesy of Slate Real Estate.


© 2022 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than 97Park are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2022-08-13T21:27:05.147.

Digital Millennium Copyright Act
 
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97Park
5a Sanchez Ave
St. Augustine FL, 32084