MLS® ID: 187875
21 Williams St
St Augustine, FL, 32084 $699,000
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.