18 ARENTA STREET St Augustine, FL 32084

Downtown multi-family opportunity. Long rental history, strong demand and excellent location make this apartment complex a solid investment. The adjacent vacant lot provides ample parking for tenants and guests. Each apartment has a private entry and assigned parking. On-site laundry available for t...enants. Each apartment is separately metered for electric and owner pays water. This complex is within walking distance to downtown St. Augustine and convenient to restaurants, shopping and attractions. Also a very favorable location for tenants due to the ease of access to nearby employment. The building and grounds are very well maintained and allow for ample outdoor space as well as privacy. There have been continued updates and renovations throughout since 2007. Total monthly gross rental income from 6 apartments = $7100.The RS-2 zoning does allow for weekly rentals if interested in a rental income mix of both long and short terms rentals. Continue reading