Remarks

This Fully Occupied Mixed Use Quadplex Is An 7% Cap Rate And Is Situated In The Desirable Crescent Beach Area Of St. Augustine,Spans Two Parcels (double Deep) And Offers A Mix Of Office And Residential Use. On The First Floor,There Are Two Office Spaces,Each Measuring 1,080 Sq Ft,Featuring Ada-compliant Bathrooms. These Offices,In Very Good Condition,Can Be Internally Connected And Are Fully Leased,Boasting An Impressive 7% Cap Rate. The Second Floor Houses Two Residential Units,Each With 3 Bedrooms,2 Baths,And Spanning 1,080 Sq Ft. These Units Come Fully Furnished,Including Full Kitchens With Appliances,And Offer A Serene Neighborhood View,Just A Short Walk To The Beach. The Property Includes A Concrete Driveway And Parking Area With Handicapped Spots. It Enjoys Good Visibility From A1a,Is In Flood Zone Ae,And Encompasses A Total Area Of 0.43 Acres. Zoned Neighborhood Commercial. Built In 2007,This Property Presents A Valuable Investment Opportunity.

Details

MLS#: 243286
Price: $1,250,000

Style: Multifamily
Baths Full: 4
Year Built: 2007

County: St. Johns
Lot Size: 9148
Tax Fee: 4554.17