Rock Beach Real Estate, LLC
Listed by Rock Beach Real Estate, LLC
$875,000
Island Villas Package
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 3,210
Net Rentable (SqFt) 3,210
Units 4
Cap Rate 5.86%
NOI $51,280
Occupancy 100%
Pro-Forma Cap Rate 6.99%
Pro-Forma NOI $61,200
Price per SqFt $273
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2024
Buildings 4
Stories 2
Parking Spaces 1 per unit
Investment Type Stabilized
Occupancy Date 02/01/2025
Ground Lease No
Ownership Seller is licensed Florida Realtor
Sale Condition 1031 exchange
Multifamily | 4 Units | $218,750/unit
Marketing description
4 Completely renovated condos in the Island Villas community located a mile from St Augustine Beach.
All tenants are on long term leases.
Seller is a licensed Florida and New York Realtor.
Investment highlights
4 Fully renovated units in St Augustine 1 mile from the beach. Excellent opportunity for low maintenance units.
Listing Contacts
Rock Beach Real Estate, LLC
Listed by Rock Beach Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,280.00
$4,273.33/mo
Valuation Metrics
0
DSCR
5.86%
Cap Rate
5.86%
ROI
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