MLS® ID: 193011
109 B Street + Adjacent East Lot
St Augustine, FL, 32080 $1,495,000
Just one block off the beach and located in the highly coveted “lettered streets” of St. Augustine Beach, this commercially zoned quadplex sits on THREE oak canopied beach lots. Currently utilized as four vacation rentals, each spacious three bedroom, two bath townhouse-style unit is rented at $179/night. While the gross rental income is currently only approximately $70,000 a year, the Seller only rents during a very limited time period due to personal time constraints. The complex is operating as a rentals a mere 27% of the time. Do the math on the potential here. This investment property is not only prime real estate, but a potential income stream too. Now that’s wise investing. Offered turn-key and fully furnished, each two story unit has the exact same floor plan. The spacious downstairs living area with kitchen, living room, front patio and screened porch off the dining area is a fantastic entertaining area. Each of the upstairs three bedrooms are sizable, and both bathrooms offer a tub/shower combination. Two units offer a coin-operated washer and dryer. The building structure sits on two lots, and the easterly lying lot is concrete paved parking. The fenced dog run is located on the west side of the property, and there’s ample space for a pool. Zoning allows for short term, long term, or the possibility of condomiumizing the complex into four townhouses for future resale (requiring State Division of Condominium approval). Don't miss your opportunity to grab your gold mine on the Golden Mile!