Description

Value-add multifamily opportunity just minutes from historic downtown St. Augustine, zoned multifamily and offering multiple structures with strong redevelopment and income potential. The property consists of three buildings situated on a large yard, making it ideal for investors, developers, or owner-operators seeking a full rehab and repositioning project. The main residence is a single-family home featuring two bedrooms and one bathroom, with plumbing already in place for a second bathroom. The home is equipped with central A/C approximately three years old. Additional improvements are required throughout. A detached garage with a loft above provides additional flexibility for storage, future conversion, or supplemental income, subject to buyer verification. The property also includes a duplex with one upstairs unit and one downstairs unit, each configured as two-bedroom, one-bath units and equipped with separate electric meters, offering the potential for additional rental income once renovated. The property's location, unit mix, and multifamily zoning present strong long-term upside for rental, redevelopment, or resale. Property is being sold as-is. Seller has never occupied the property and has no personal knowledge of the property's condition. Buyer to conduct all inspections and due diligence.

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Property