3825 Osprey CirSt. Augustine, FL 32086

  • Residential income properties
  • 4,320 SF
For Sale
$1,250,000 View listing

Property Details for 3825 Osprey Cir

Year built
1984
Property size (Sq ft)
4,320 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 8-unit apartment complex in St. Augustine, Florida, presents a compelling value-add opportunity. Priced at $1,250,000 ($156,250 per unit), this property boasts a current NOI of $69,960 and a pro-forma NOI of $92,543, reflecting a 5.6% current cap rate and a projected 7.4% pro-forma cap rate. The property comprises two one-story buildings, each containing four 540-square-foot units. Each unit features one bedroom, one bathroom, washer/dryer hookups, and separately metered utilities. Built in 1984, the complex sits on two separate parcels zoned residential, offering advantages in securing favorable debt and insurance terms. Currently operating at 100% occupancy, this turnkey asset benefits from its location in rapidly growing St. Johns County, Florida (12.2% growth from 2020-2022), less than 15 minutes from historic St. Augustine, a major tourist destination. The property's proximity to shopping and dining amenities, including Publix, Walmart, and Lowe's, further enhances its appeal. Significant upside potential exists through light interior upgrades and improved management practices. The low inventory of comparable properties in the area underscores this investment's unique value proposition. The total square footage is 4,320.

3825 Osprey Cir, St. Augustine, Florida

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.8175
Longitude
-81.3458

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].