50 Cubbedge Road

Estimated Monthly Payment: $12,768/mo 50 Cubbedge Road, St. Augustine, FL 32080 MLS# RX-10683366 Comm/Industry Listing Status: Active
6,284 sqft
48
10
0
0

REMARKS:

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 zoned 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.

OVERVIEW:

Comm/Industry
Active
MultiFamily (5+ Units)
5940
1977
0.60
6284
Built-Up, Comp Rolled
Central Individual
Central Individual
Yes
Cable, Electric
Head northeast on FL-206 E toward St. Augustine Beach (Ave. D). Turn right onto A1A S/A1A Scenic and Historic Coastal Byway. Turn left at the 1st cross street onto Cubbedge Rd.

FEATURES:

Ceramic Tile, Vinyl Floor

FINANCIAL:

$2,800,000
Monthly

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of Compass Florida LLC 

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