St. Augustine Opportunity! – FL 32084 Sold

  • $79,900
  • 2 beds
  • 1 baths
  • 735 sqft

Property Details:

This new opportunity lies a few minutes from downtown St. Augustine and is tucked away in a quaint neighborhood.  This property is in a prime location and has two options, flip the current one or build a new home.

Option one will be to rehab the current building.  The home will need the roof replaced and the full interior and subflooring repaired.  Comps in the neighborhood lack a concrete structure suggesting a potential larger valuation.

The second option would be to build a new home of about 1250 square feet.  New homes in the area are going for $475,000 to $525,000.  The Pro forma for this option is below

ARV = 520,000, Rehab = 300,000, Projected income = 98,425, ROI = 23.6%

Properties in this location do not last long, so make sure to call us today!

Price:
$79,900
Address:
W 3rd St
St. Augustine, FL 32084
Square Feet:
735
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1952
Basement:
$91,000
MLS #:
$235,000

Call (321) 379-5777 for more details

Property Location