Park Place Apartments

1590 Masters Drive Units 1-8, Saint Augustine, FL

$2,300,000

Price

6.25%

Cap Rate

$143,700

NOI

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Street
Map
Overview
Cap Rate
6.25%
NOI
$143,700
Building Size
9,064 sqft
Lot Area
1.83 acres
Occupancy
100%
Units
8
Year Built
2006
Floors
1
Description

Discover a lucrative investment opportunity in St. Augustine with this four-duplex property, now available for sale. Boasting full occupancy and a desirable location, this investment promises excellent returns. With the potential to adjust lease rates to match current market trends, investors can maximize their profits.

Recently renovated to feature brand new flooring, countertops, fixtures, and more, this property offers a fresh, modern appeal. Don't miss out on the chance to capitalize on this perfect investment for multi-family property enthusiasts!

Located on the corner of Cervantes Avenue and Masters Drive in St. Augustine near the San Sebastian River.

Highlights
  • LOCATED WITHIN THE CITY LIMITS OF ST. AUGUSTINE!!
  • 6.25% CAP RATE!!
  • ALLOWS FOR SHORT TERM RENTALS!!
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Location
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