HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 1,350,000

Est. payment | -/mo

5 Beds

3 Baths

1,628 SqFt

Save Virtual Tour

$ 1,350,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

1,628 SqFt

Key Details

Property Type Multi-Family, Condo

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,628 sqft

Price per Sqft $829

Subdivision City Of St Augustine

MLS Listing ID 1249560

Bedrooms 5

Full Baths 2

Half Baths 1

Originating Board realMLS (Northeast Florida Multiple Listing Service)

Year Built 1900

Annual Tax Amount $13,208

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 40x55

Property Description

Attention All AVID Airbnb Investors! Come and DOUBLE UP your earnings!! Currently average bookings around 50%-60% and room to hit 75%-100% bookings!

Numbers below are after booking & Management Fees.

-Just getting started in Sept. 2022 to Dec. 2022 earnings = $24k.

-Jan. 2023 to Dec. 2023 earnings = $70k. (3 times more than what was earned in 2022.)

-Jan. 2024 to Aug. 2024, earnings = $60k, with bookings through Dec. 2024 estimating an additional $23k. Putting 2024 currently at roughly $83k with more bookings happening daily. (This is 1.185 times more earned than 2023.)

-Based on averages we anticipate an additional $7k-$10k of income booked through the end of this year. Putting the annual income close to $95k-$100k.(about 1.428 times more than 2023.)

-Future bookings for 2025 are sitting at roughly 11k with about 39 days booked. Increase your bookings to 75% projects $149k annually, and 100% booked at $199k. (Based on averages ran) *Ask for updated numbers. This pre-1900's (1860s) fully furnished turnkey property is located in the heart of our Nation's First and Oldest cities, St. Augustine's historic district and is truly one of a kind!

Spending close to half a million dollars, the owner meticulously, lovingly and carefully restored this property, while maintaining its historic charm. You can own this piece of history with peace of mind that as much attention went into the aesthetic as went into the underlying structural integrity. You aren't just getting a property with some minor updates, you are getting a true internally completed restoration & renovation.

The renovation includes all new plumbing, all new electrical, all new appliances, new on demand water heaters, a total scrape, repair and exterior paint job , new interior paint, structural inspection and rejuvenation where needed, no cost was spared, owner had intended on owning for the foreseeable future.

The total restoration costs for this historical gem were upwards of half a million dollars. (Check out the docs tab for arch plans and more.)

The area of Cuna and Spanish Streets just underwent a lengthy beautification process where we are now just next door to the most lovely walking district in all of downtown, quiet, beautiful and still in the middle of it all. The installation not only focused on the aesthetic but greatly improved the infrastructure with new sewer and water lines, a greatly improved drainage system and beautiful streetings and red brick streets. A great area to own downtown, safe and inviting.

Currently an active airbnb with prime access to all of what downtown St. Augustine has to offer! Leave it as an airbnb, perfect for large groups of up to twelve, convert to a long term rental, student housing, pad split, commercial retail business or more! With commercial zoning, your possibilities are only limited by your imagination!

This property and its amazing history will live on for years to come, with the recent renovations it will stand for another 170 plus years! Owning such a beautiful relic in your portfolio is certainly something to be proud of and one piece of real estate you will NOT regret owning!

Schedule your private tour now!

All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells.

Location

State FL

County St. Johns

Community City Of St Augustine

Area 322-Downtown St Augustine

Direction I-95 N,Take exit 318 toward St Augustine,Merge onto FL-16 E, Turn right onto US-1 S/N Ponce De Leon Blvd,Turn left onto Carrera St, left onto Cordova St, right onto Cuna St. Parking off Spanish

Interior

Heating Central, Electric

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl

Furnishings Furnished

Exterior

Utilities Available Cable Connected

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Historic Area, Other

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

New Construction No

Others

Tax ID 1982000000

Acceptable Financing Cash, Conventional, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, Private Financing Available, VA Loan

Listed by SANDBAR REALTY LLC

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

59 CUNA ST St Augustine, FL 32084