Commercial property in Saint Augustine, Florida 7 bedrooms, 322.93 sq.m. № 829501

Property description

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).