Address
56 GROVE Avenue, St Augustine, FL
Price
$ 2,299,000
Property Attributes
  • MLS#1256846
  • TypeMulti-Family
  • CountySAINT JOHNS
  • CitySt Augustine
  • Area322-Downtown St Augustine
  • NeighborhoodKingsland
  • Zip32084
  • StyleQuadruplex
  • Price$ 2,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3257
Data Source:
Northeast Florida MLS (NEFMLS)
Property Description

This unique mixed use investment opportunity includes 4 separate income producing units in the heart of St. Augustine. This property sits just off US 1 and has visibility from the busy highway. The building has recently undergone significant upgrades & been remodeled with a restaurant on the first floor, 2 residential 1BR Apartments upstairs, and a separate 2 BR/ 1 BA residential cottage sitting on .28 Acres. The restaurant has a long term tenant in place, the two upstairs units are occupied with annual leases, and the cottage was being utilized as a short term rental but recently converted to full time tenant. Zoned CM-2 this property has so many options. Financials & Lease Terms available with an NDA. Current Cap Rate is 4.32%.

Price History
11/10/2023 Listed $2,399,000
1/9/2024 5% - $2,299,000

General Features

Sewer Public Sewer
Heating Central
Year Built 1917
Stories 2
Property SubType Quadruplex
County St. Johns
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Kingsland
Status Active
Directions Head north on S Ponce De Leon Blvd toward W King St Turn right onto Grove Ave Destination will be on the left
ModificationTimestamp 2024-02-18T08:32:17Z
City St Augustine
Buyer Agent Compensation 2.00
View Y/N No
Senior Community Y/N No
MLS Area 322-Downtown St Augustine
Lot Size Square Feet 0.0
Waterfront Y/N No
Street Name GROVE
Home Warranty Y/N No
Lease Renewal Y/N No
MLS Area Minor 322-Downtown St Augustine
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 162
Standard Status Active
MobileHomeRemainsYN No
Legal Description KINGSLAND

Interior Features

Basement (Y/N) No
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Lot Features Irregular Lot
Water Source Public
Lot Size Area 0.0
Spa No
Lot Size Acres 0.0
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 32084

Price
AVG $1.32M
$2.3M
Visits
AVG 239
213
Data Provided by Inside Real Estate®
Year Built
AVG 1947
1917
Walkscore
AVG 76
78
Data Provided by Walkscore® not using MLS data

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