Description
Back on the market due to a buyer's inability to close, this is your second chance to secure a historic, fully renovated multi-family gem in the heart of St. Augustine! With a brand new metal roof being installed on both the main house and the Carrera Cottage, by December 28th, this property offers unmatched durability and peace of mind for its new owner. Priced at just $1,245,000, well below its appraised value, this is an incredible opportunity to own a property with exceptional potential for both short- and long-term rental income. The property features a beautifully fully renovated two bedroom, two bath main house and the Carrera Cottage which includes two private-entry one bedroom, one bath apartments. Each unit has been thoughtfully renovated, blending historic charm with modern convenience. The Cottage units boast private outdoor spacesa spacious balcony with all-weather decking for one apartment and a covered patio with custom planters for the other while the main house offers bright, airy interiors with luxury vinyl plank flooring, updated kitchens, and bathrooms. At the heart of the property, the Carrera Courtyard provides a serene retreat with a fire pit and seating nestled beneath mature oaks, making it perfect for entertaining or unwinding. Modern smart home features, including automated thermostats and solar outdoor lighting, add convenience and appeal, while the new limestone driveway provides ample parking for residents and guests. Located within walking distance of Flagler College and downtown St. Augustine, this property is ideally situated to capitalize on the area's thriving tourism market, especially during events like Nights of Lights. With short-term rental projections of $96,000-$120,000 annually and long-term rental potential of $69,600-$81,600 annually, this property delivers incredible value and versatility for both investors and owner-occupants. Don't miss this rare chance to own a piece of St. Augustine's history while reaping the rewards of a turnkey, income-producing property. Schedule your showing today!