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406 Arricola Ave

St Augustine, FL 32080
  • $575,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 243038
UPDATED: 129 min ago
$575,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:
Area:
06

School Ratings & Info

Description

Investor alert. Incoming producing multifamily home in Davis Shores home just steps from the Bridge of Lions and historic downtown St Augustine. Currently 4 units are producing $4,900 per month, or $58,800 per year. Front unit has full kitchen, LR, BR with walk-in closet and garage. Back downstairs apartment offers LR/Kitchen combo with Refrigerator and Microwave, BR & BA. 2 upstairs units are Studio type all in one units. All have long term tenants (one for 15 years) but are on Month to Month leases now. Front unit is vacant as of August 1. Property needs renovation and will need to be cash or a renovation loan. Situated in a prime location less than 1 mile to St Augustine Historic District on a large lot. Home is partially fenced and offers plenty of parking. Live in the front and rent out the back units, or start the renovations in the front while tenants are paying. The possibilities are endless.

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© 2024 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 2024-07-24T08:30:56.44.
www.sunshinerealty.com/homes/152444339
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406 Arricola Ave St Augustine, FL 32080

  • Price: $575,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 129 min ago
  • MLS #: 243038
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1949
Built
Neighborhood:
Davis Shores
County:
Saint Johns
Area:
06
Property Description
Investor alert. Incoming producing multifamily home in Davis Shores home just steps from the Bridge of Lions and historic downtown St Augustine. Currently 4 units are producing $4,900 per month, or $58,800 per year. Front unit has full kitchen, LR, BR with walk-in closet and garage. Back downstairs apartment offers LR/Kitchen combo with Refrigerator and Microwave, BR & BA. 2 upstairs units are Studio type all in one units. All have long term tenants (one for 15 years) but are on Month to Month leases now. Front unit is vacant as of August 1. Property needs renovation and will need to be cash or a renovation loan. Situated in a prime location less than 1 mile to St Augustine Historic District on a large lot. Home is partially fenced and offers plenty of parking. Live in the front and rent out the back units, or start the renovations in the front while tenants are paying. The possibilities are endless.
Exterior Features

Construction Frame Entry Level 2nd STORYGROUND LEVEL Lot Size 75 x 110 Lot Type Regular

Interior Features

Air Conditioning CentralElectric Heat CentralElectric Unit1 Features RefrigeratorRangeDishwashe Unit2 Features MicrowaveRefrigerator Unit3 Features MicrowaveRefrigerator Unit4 Features MicrowaveRefrigerator

Property Features

Bank Corporate Owned YN No Cdd YN No Extras GarageMicrowaveRangeRefrigerator Gross Annual Income 58800 Short Sale YN No Terms CashOther Type Of Property Quadplex Unit1 Rent Unit 1800 Unit2 Rent Unit 1200 Unit3 Rent Unit 1200 Unit4 Rent Unit 700 Water CentralCity Zoning Res

Listing courtesy of Florida Homes Realty & Mortgage: 904-342-8127.


© 2024 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 2024-07-24T08:30:56.44.
 
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Sunshine Realty & Appraisal Services, LLC
741 A1A Beach Blvd.
St. Augustine FL, 32080