Park Place Apartments

$2,200,000

1590 Masters Drive Units 1-8, Saint Augustine, FL 32084

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 03/26/2025

Details:

Cap Rate: 6.53%

NOI: $143,560

Building Size: 9,064 sqft

Lot Area: 1.83 acres

Occupancy: 100%

Units: 8

Year Built: 2006

Floors: 1

Offered by

Eric Maimo

Senior Associate

Premier Properties

Request Info to Unlock

Highlights:

LOCATED WITHIN THE CITY LIMITS OF ST. AUGUSTINE!
6.53% CAP RATE!
ALLOWS FOR SHORT-TERM RENTALS!

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.

Documents:

	Title
	Demographics.pdf	View View Document
	Retail Gap.pdf	View View Document
	Data Chart.pdf	View View Document
	1590_Masters_Dr_-_Brochure.pdf	View View Document