11 3RD ST, St Augustine Beach, Florida 32080

$2,395,000
7
BD
7
BA
4,314
SqFt

Property Description

Four unit apartment building Oceanside with ocean views in the heart of St. Augustine beach on a 8,000 sq ft lot offering a rare combination of location, unit mix, and flexibility for an owner-user, investor, vacation rental, or a combination of all. The building includes a vacation rental license which allows for short term rentals. ALL units have been completely renovated, are furnished, and come fully equipped. The units are separately metered for utilities and ALL units feature granite countertops, stainless steel appliances, vinyl/tile flooring, have their own parking, private entrance, private outdoor area, and storage shed. The property is currently occupied by long term tenants, but future owners should consider operating as a short-term vacation rental to truly capitalize on their investment. Vacation Rental Incomes currently in the area would produce GROSS rental incomes of over $300,000 annually and are VERY consistent ALL YEAR with the occupancy levels over 80%!

Listing courtesy of FLORIDA HOMES REALTY & MTG LLC.

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