2 Mulvey St
Property Description
***Prime Downtown St. Augustine Boutique-Hotel-Style investment Opportunity*** Located in the heart of historic downtown St. Augustine, this unique multi-family property offers an exceptional opportunity to own an income-producing asset just a short 5 minute walk from the world-famous St. George Street. Configured in a boutique hotel style layout the property features 8 private bedrooms with 8 full bathrooms attached, so each room functions as its own separate rental unit. 7 of the 8 units are currently being utilized as short term rentals with the 8th being used for storage offering potential flexibility for future use. The current owners put over $200,000 into renovations and upgrades making this 125 year old home stand out with tastefully updated rooms while still maintaining its historic charm. A metal roof and composite siding will provide long life with minimal maintenance. Home has been completely re-wired and re-plumbed and has a fire suppression and monitoring system already installed. Whether you are looking to expand your short term rental portfolio or looking to take the plunge into the short term rental game this truly turn-key property is too good to pass up.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,495,000 |
| No. of Units: | 8 |
| Year Built: | 1900 |
| Opportunity Zone: | No |
| Price per unit: | $186,875 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SJCBORFL-264624
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