Description
INVESTOR ALERT! An incredible opportunity awaits in the highly sought after West King area. 18 Arenta Street is a 7-unit multifamily property located in St. Augustine, FL (Jacksonville MSA) consisting of two adjacent buildings. The Victorian 2 story building constructed in 1915, houses four studio apartments each with a full-bath and kitchen. Additionally, two 1-bedroom units each with a full-bath and kitchen. The second building is a detached block structure from 1975 housing a 1-bedroom apartment with a full-bath and kitchen. In addition, the property boasts significant onsite parking for at least 10+ vehicles as well as a beautiful green space for relaxation. All units have been well-maintained and have a solid rental history offering unique floor plans and period architectural accents. This offering presents the opportunity for an investor of capturing significant rental upside with the property’s RS-2 Zoning which allows weekly rentals (the weekly minimum allows hosting one stay per week, this would include between a one-night stay and a 6-night stay during a week’s time). 18 Arenta Street represents an attractive investment opportunity in a prime location with strong demographics, proximity to key economic drivers and convenient access to St. Augustine's historic downtown, Flagler College (8/10ths of a mile) and many popular restaurants. It is also a short drive to St. Augustine Beach and many nearby major retailers.
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School Ratings & Info
Description
INVESTOR ALERT! An incredible opportunity awaits in the highly sought after West King area. 18 Arenta Street is a 7-unit multifamily property located in St. Augustine, FL (Jacksonville MSA) consisting of two adjacent buildings. The Victorian 2 story building constructed in 1915, houses four studio apartments each with a full-bath and kitchen. Additionally, two 1-bedroom units each with a full-bath and kitchen. The second building is a detached block structure from 1975 housing a 1-bedroom apartment with a full-bath and kitchen. In addition, the property boasts significant onsite parking for at least 10+ vehicles as well as a beautiful green space for relaxation. All units have been well-maintained and have a solid rental history offering unique floor plans and period architectural accents. This offering presents the opportunity for an investor of capturing significant rental upside with the property’s RS-2 Zoning which allows weekly rentals (the weekly minimum allows hosting one stay per week, this would include between a one-night stay and a 6-night stay during a week’s time). 18 Arenta Street represents an attractive investment opportunity in a prime location with strong demographics, proximity to key economic drivers and convenient access to St. Augustine's historic downtown, Flagler College (8/10ths of a mile) and many popular restaurants. It is also a short drive to St. Augustine Beach and many nearby major retailers.
© 2023 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Sunshine Realty & Appraisal Services, LLC. Data last updated 2023-12-03T23:30:36.277.