3125 Coastal HwySt. Augustine, FL 32084

Property Details for 3125 Coastal Hwy

Year built

1947

Lot size

0.82 AC

Property size (Sq ft)

2,641 SF

Property type

Apartment buildings

Description

This exceptional value-add investment opportunity in St. Augustine, Florida, presents a rare chance to acquire a multifamily property with significant upside potential. Located at 3125 Coastal Hwy, this property sits on a 0.82-acre lot in the desirable Vilano Beach area, offering mesmerizing ocean views. The property comprises a two-story, concrete block triplex featuring three furnished rental units (a 2/2, a 1/1, and an efficiency unit), plus five additional on-site trailers, totaling ten rental units. The triplex boasts a large deck with ocean views and a private fenced yard, along with a single-car garage. Built in 1947 and renovated in 2020, the 2,641 square foot property is classified as a Class B multifamily building with RG-1 zoning, allowing for nightly vacation rentals. The property includes 12 parking spaces. The location is highly desirable, just steps from private beach access and a block from North Shores Park, which offers community amenities such as a garden and pickleball courts. The sub-dividable lot presents further expansion or redevelopment opportunities, capitalizing on the booming St. Augustine rental market. The asking price is $1,950,000, representing a price per unit of $195,000 and a price per square foot of $738.36. This property is ideal for investors seeking a vacation rental compound, a strategic investment, or a future development project. The property's APN is 149120-0000.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Latitude

29.9254

Longitude

-81.2952

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