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Price Reduction - Seller Financing
Address
21 Williams St Saint Augustine, FL
Price
$ 699,000
Property Attributes
  • MLS#187875
  • TypeMulti-Family
  • CountySAINT JOHNS
  • CitySaint Augustine
  • Area04
  • NeighborhoodWilliams
  • Zip32084
  • StyleQuadplex
  • Year Built1935
  • Taxes6458
  • Price$ 699,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
Listing Provided Courtesy Of:
Keller Williams Realty Atlantic Partners Realty Southside, LLC
Property Description

Amazing opportunity to own 4 income producing rental units located in Downtown Historic St Augustine. Property zoned multi-family and currently 3 of the units are being used for short-term or vacation rentals, the units has a long term lease until Oct '19. Over $120k gross rent potential. Please check out virtual tour for each of the units. Unit A(2/1), B(1/1), D(1/1) are short term rentals & will be sold fully furnished/turn key. Unit C(2/1) is tenant occupied on lease. Owner has license to operate short term rentals with City of St Augustine. Seller Financing Available and seller will manage property post-sale if desired for management fee. Owner is currently a Superhost on Airbnb, also using Bookingcom and VRBO for advertising and booking the two short term rentals. Low vacancy, lots of positive reviews. Property is located in highly desired downtown historic district just down the street from The Fountain of Youth. On Trolley path with high visibility. See docs section for additional information on leases, income, expenses, and projected future ROI/CAP rate. Current CAP projected over 10% based on rental history and future bookings. Future CAP can be higher based on future use of property -- could have all 4 AirBnb. Tenant occupied and also still being used actively as a short term rental. Showings must be approved by showing agent, financials provided, and a minimum of 24hrs in advance.

Price History
6/7/2019 Listed $750,000
8/1/2019 7% - $699,000

General Features

Bank/Corporate Owned? No
Class MULTIFAMILY
Construction Concrete Block, Frame, Stucco
Extras Cable Available, Ceiling Fan, Laundry, Parking, Shopping Near
Legal Description WILLIAMS ADDITION CITY LOT 12 BLK C OR4572/1422
Listing Area 04
Listing Status Active
Location East of A1A
Status Active
Subdivision/condo Williams
Taxes 6458.47
Type Quadplex
Year Built 1935

Interior Features

Cooling Electric, Window Unit
Heating Gas, Window Unit

Exterior Features

Lot Dimensions .23
Water City

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32084

Price
AVG $880K
$700K
Taxes
AVG $5,643
$6,458
Visits
AVG 71
63
Year Built
AVG 1928
1935
Walkscore
AVG 52
62
Data Provided by Walkscore ® not using MLS data

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