59 Cuna StSt. Augustine, FL 32084

Property Details for 59 Cuna St

Year built

1900

Property size (Sq ft)

1,600 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously renovated, two-unit property nestled in the heart of St. Augustine's historic district. Boasting a $500,000 renovation completed between 2021 and 2022, this property features two fully furnished units ready for immediate occupancy. Unit A offers three bedrooms, two bathrooms, and sleeps six, while Unit B provides two bedrooms, one bathroom, and sleeps four. The property sits on a 2,178 square foot lot, with each unit ranging from 1,600 to 2,100 square feet. The building, constructed in 1900 and boasting two stories, is classified as Class A and zoned HP-3, offering flexibility for various uses. All new plumbing, electrical, appliances, and on-demand water heaters were installed during the extensive renovation. The property includes attached storage with potential for expansion or garage conversion, and features two electric meters, public water, and cable/internet access. Its prime location offers easy walking access to all major tourist attractions, ensuring consistent high occupancy rates and substantial rental income. The property's current Airbnb bookings demonstrate strong financial performance, with significant year-over-year revenue growth. This turnkey operation, complete with existing Super Host management, presents a rare opportunity to acquire a high-performing, historically significant investment property in a thriving tourist destination. The property's location has recently undergone beautification, improving infrastructure and aesthetics. This is a truly unique opportunity to own a piece of St. Augustine's rich history.

Location Insight

City

St. Augustine

County

St Johns

State

Florida

Latitude

29.8957

Longitude

-81.314

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