Listing Courtesy of: Brad Kuskin - Compass Florida LLC
$2,800,000 Down payment assistance icon Calculate Payment

50 Cubbedge Road Saint Augustine, FL 32080

Other Residence
Beds
Baths
Sq. Ft.
0.6 Acre Lot

Property Overview

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This unparalleled and rarely available multifamily property sits directly on Crescent Beach within the heart of Saint Augustine, FL. This 7-unit building offers investors a unique value-add opportunity while providing reliable cash flows from the existing 100% occupancy. The property is properly zon...ed and perfectly suited for a short-term vacation rental or a repositioned annual lease model. Renovated units provide nearly a 75% increase in rents. Short-term vacation rentals have proven to generate almost 300% of current monthly revenues. No matter use, residents enjoy breathtaking vistas of the Atlantic with private beach access to renowned Crescent Beach. Some of the most stunning ocean views are the focal of this investment property. Current NOI is $121K. Bring All Offers. Continue reading
MLS#
R10683366
Property Type
Other
Year Built
1977
Lot Size
0.6
Stories
2

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Brad Kuskin - Compass Florida LLC

Thomas O’Leary, License #BK3401614, Xome Inc., License #1043756, ThomasH.OLeary@Xome.com, 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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