2 Mulvey StSt. Augustine, FL 32084

Property Details for 2 Mulvey St

Year built

1900

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

2,656 SF

Property type

Bed & breakfasts

APN

205990 0010

APU

2059900010

Description

This beautifully remodeled 8-unit boutique hotel in the heart of historic St. Augustine, Florida, presents a remarkable investment opportunity. Priced at $1,895,000, this turnkey property boasts eight bedrooms, each with a private bathroom. All furniture, linens, appliances, and garage parking passes are included in the sale. The seller will also transfer ownership of all associated social media accounts, Google Business Portfolio, and the hotel website. Significant recent renovations totaling approximately $200,000 have enhanced both the interior and exterior. Interior upgrades, costing roughly $125,000, encompass four completely renovated rooms with luxury bathrooms, plus three additional rooms featuring soundproofing, fresh paint, and updated fixtures. New furniture, linens, and mattresses were installed throughout. The eighth unit has served as storage. Exterior improvements, valued at approximately $75,000, include a fresh coat of paint, updated landscaping, new lighting, fencing, fountains, artificial turf, a pergola, a renovated driveway, and the addition of palm trees. This property is ready for immediate operation and offers a unique blend of charm and modern amenities in a prime location. Located at 2 Mulvey Street, St. Augustine, FL 32084.

• CAP approach

  CAP return

  Valuation

  6%

  $539,964

  6.5%

  $498,428

  7%

  $462,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $424,491

  Geo Method

  $424,491

• Alternative Use

  Use

  Valuation

  Residential

  $544,139

  Hospitality

  $498,428

  Educational

  $414,686

  Medical

  $428,948

  Retail

  $645,068

Location Insight

City

St Augustine

County

St. Johns

State

Florida

Latitude

29.8971

Longitude

-81.3186

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].