Owner Financed & Rent to Own Homes, Land, Multifamily, and Commercial Real Estate

Owner financed > Florida > St Augustine Beach > Multifamily > Listing ID: 366

Stepts to beach 4 units, 2 duplexes on 3 lots


Multifamily in: St Augustine Beach View a map of the area Status: Active Address: 103 A street City: St Augustine Beach State: Florida Zip: 32080 Square Feet: 3100	Owner Financing Terms: Mortgage Calculator Price: $625,000 Down pmt: $130,000 Loan Term: 40 years / 480 months Rate (%): 9 Monthly pmt: $3,818 Seller financing loan type: Balloon Fixed Rate Seller financed 1st mortgage Seller financed 2nd mortgage Annual Property Tax: $7,900

Description: Only 300 yards to the beach, four 2BR 1BA units currently used as rentals. 14,000 sq ft property is commercially zoned, so the possibilities are endless. Each unit is 775 sq ft, 2/1. One unit is furnished and rented short term at $1,350/mo and $2,000 per month in the summer. The other 3 are rented at $900-$975 per month. All units completely renovated, with all new appliances and mostly new AC systems. Close to $50,000 per year rental income currently and close to $70,000 per year income potential if all units converted to furnished vacation rentals. Our fully functional vacation rentals website can be negotiated in the sale: www.VacationRentalsFlorida.us
We currently have 98% occupancy because Flagler College and University of St Augustine are expanding and it only takes a few weeks to find a new tenant with just a sign on the street.

About : Other lots available as well, the financing terms include a balloon payment in 5 years, which can be extended to 10 years. View other owner financed listings by : Florida Land Email me... \| Phone: 904-687-1983 Attention note brokers, most sellers do not wish to be solicited, so please consider placing a note broker ad and all interested sellers will contact you directly.
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Property viewed: 1856 times. Last updated: 06/06/2008

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Owner financed > Florida > St Augustine Beach > Multifamily > Listing ID: 366

Stepts to beach 4 units, 2 duplexes on 3 lots

Multifamily in: St Augustine Beach

Owner Financing Terms:

Email me... | Phone: 904-687-1983

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