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Florida > St Augustine Beach > Multifamily > ID: 366

Stepts to beach 4 units, 2 duplexes on 3 lots

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Multifamily

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Status: Active
Address: 103 A street
City: St Augustine Beach
State or Country: Florida
Zip: 32080
Square Feet: 3100
Garage Size: 2 car

Owner Financing Terms:

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Price: $599,000
Down Payment: $59,000
Loan Term: 40 years / 480 months
Rate (%): 8.9
Monthly Payment: $4,124

Seller financing loan type:
  • Balloon
  • Fixed Rate
  • Seller financed 1st mortgage
  • Seller financed 2nd mortgage

Annual Property Tax: $7,900
Description: Only 300 yards to the beach, four 2BR 1BA units currently used as rentals. 14,000 sq ft property is commercially zoned, so the possibilities are endless. Each unit is 775 sq ft, 2/1. One unit is furnished and rented short term at $1,350/mo and $2,000 per month in the summer. The other 3 are rented at $900-$975 per month. All units completely renovated, with all new appliances and mostly new AC systems. Close to $50,000 per year rental income currently and close to $70,000 per year income potential if all units converted to furnished vacation rentals. Our fully functional vacation rentals website can be negotiated in the sale: www.VacationRentalsFlorida.us
We currently have 98% occupancy because Flagler College and University of St Augustine are expanding and it only takes a few weeks to find a new tenant with just a sign on the street.

Two websites are included that will generate short term and long term rental leads.

Well positioned in search engines, and "seasoned" website www.VacationRentalsFlorida.us is included in the sale, plus www.asrreet.us -- a long term rentals webpage.
About owner: Financing terms are flexible, no prepayment penalty on the loan, pay off sooner with additional monthly principal payments. Other properties are available.
Call 904-687-1983
View other owner financed listings by owner: Florida lands

Email me... | Phone: 904-687-1983


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Property viewed: 5196 times. Last updated: 06/25/2009

Tags: Owner financing in Florida | Owner financing near St Augustine Beach | Multifamily with $59,000 down