St Augustine, FL 32080,109 B ST
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St Augustine, FL 32080,109 B ST
St Augustine, FL 32080,109 B ST
St Augustine, FL 32080,109 B ST
St Augustine, FL 32080,109 B ST

$2,150,000

Est. payment /mo

$2,250,000

4.4%
Est.Price: ?

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109 B ST St Augustine, FL 32080

12 Beds

8 Baths

5,412 SqFt

SOLD DATE : 10/14/2022

Key Details

Sold Price $2,150,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,412 sqft

Price per Sqft $397

Subdivision Coquina Gables

MLS Listing ID 1179154

Sold Date 10/14/22

Bedrooms 12

Full Baths 8

Originating Board realMLS (Northeast Florida Multiple Listing Service)

Year Built 2000

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

Location

State FL

County St. Johns

Community Coquina Gables

Area 331-St Augustine Beach

Direction A1A Beach Boulevard to west on B Street. #109 on south side of the road.

Interior

Heating Central, Electric

Cooling Attic Fan, Central Air, Electric

Flooring Carpet, Tile

Furnishings Furnished

Exterior

Parking Features Guest, Parking Lot, RV Access/Parking

Pool None

Roof Type Shingle

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Tax ID 1707000000

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

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Bernadette Grandinetti

Bernadette Grandinetti

+1(904) 377-3083

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by SLATE REAL ESTATE
Bought with NON MLS

Bernadette Grandinetti

Advisor | License ID: SL3453559

+1(904) 377-3083

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