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$ 925,000
Est. payment /mo
Contingent
208 Arricola Avenue St Augustine, FL 32080-0000
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Contingent
Purchase Type For Sale
Subdivision Davis Shores
MLS Listing ID 250313
HOA Y/N No
Year Built 1983
Property Sub-Type Quadplex
Property Description
Outstanding investment opportunity in the heart of Davis Shores with projected short-term rental income of $180,000 annually. Located at 208 Arricola Avenue in St. Augustine, this concrete block quadplex offers immediate cash flow and immense future potential. Zoned CL-1 Commercial Low-One, the property allows for a variety of uses beyond residential—including boutique retail, professional office space, and bed-and-breakfast operations—making it perfect for investors or entrepreneurs seeking a flexible income-producing asset in a prime location. When the quadplex is fully rented, it generates approximately $73,200 in annual rental income. Each of the four units features 2 bedrooms and 1 bathroom, with roughly 800 square feet of living space. Current rental rates are: Unit A at $1,650/month (month-to-month), Unit B at $1600/month (lease thru 10/31/2026), Unit C at $1,350/month (month-to-month), and Unit D at $1,600/month (lease thru 7/31/2026). Each unit is separately metered for water and electric, simplifying utility management, and the property includes 10 off-street parking spaces, a rare and valuable amenity in this location. Significant recent upgrades have been made for peace of mind and long-term durability: a metal roof was installed in 2015, 22 hurricane-rated windows and sliding doors were added in 2017, all HVAC systems have been replaced in recent years, and electrical panels (4 total) were updated in 2020. A termite bond is in place, and notably, the property has had no hurricane damage or insurance claims since its current ownership began in 2013. Just minutes from historic downtown St. Augustine and the area's beautiful beaches, 208 Arricola offers an unbeatable combination of location, income, and future flexibility. Whether you're looking to capitalize on the thriving vacation rental market or reposition the property for commercial use. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Location
State FL
County St. Johns
Area 06
Zoning CL-1
Interior
Heating Central, Electric
Cooling Central, Electric
Building
Water City
Others
Virtual Tour https://www.zillow.com/view-imx/295d3c83-0517-4006-b329-7d4e06996dda?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Listed by DJ & Lindsey Real Estate