INVESTOR ALERT! An incredible opportunity awaits in the highly sought after West King area. 18 Arenta Street is a 7-unit multifamily property located in St. Augustine, FL (Jacksonville MSA) consisting of two adjacent buildings. The Victorian 2 story building constructed in 1915, houses four studio apartments each with a full-bath and kitchen. Additionally, two 1-bedroom units each with a full-bath and kitchen. The second building is a detached block structure from 1975 housing a 1-bedroom apartment with a full-bath and kitchen. In addition, the property boasts significant onsite parking for at least 10+ vehicles as well as a beautiful green space for relaxation. All units have been well-maintained and have a solid rental history offering unique floor plans and period architectural accents. This offering presents the opportunity for an investor of capturing significant rental upside with the property's RS-2 Zoning which allows weekly rentals (the weekly minimum allows hosting one stay per week, this would include between a one-night stay and a 6-night stay during a week's time).
18 Arenta Street represents an attractive investment opportunity in a prime location with strong demographics, proximity to key economic drivers and convenient access to St. Augustine's historic downtown, Flagler College (8/10ths of a mile) and many popular restaurants. It is also a short drive to St. Augustine Beach and many nearby major retailers.
Property Type :
Residential Income
Subdivision :
St Johns Park
County :
Saint Johns
Style :
Residential Income
Sell a home like this and save $83,501 Find Out How
ByOwner last updated this listing 05/02/2024 @ 11:56
MLS: 1256681
LISTED BY: FRANK PEREZ-ANDREU, KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
SOURCE: realMLS (Northeast Florida Multiple Listing Service)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.
