105 Marine St , 1-10

    St Augustine, FL 32084
    • $2,395,000
    • STATUS: Active
    • ON SITE: 234 days
    • MLS #: 928661
    $2,395,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,528
      SQFT
    • $227
      $/SQFT

    School Ratings & Info

    Description

    History lives on in the former National Guard Hospital, now a 10-unit downtown apartment building on the banks of the Intracoastal Waterway. Offered with dock, 2 boat slips and exceedingly rare off-street parking (1 space per unit), Anastasia's on the Bay features furnished fully equipped 1 and 2BR residences with private decks or porches, original woodwork and themodern conveniences necessary for today's living. Current owners have invested over $800K in renovations over the past 5 years. The location is stellar - in the heart of our residential Historic District, the Matanzas River in the backyard, our bayfront esplanade 1 block north and all the architectural, culinary, cultural and scenic delights of downtown 3 blocks away, althoughyou wouldn't guess it if you didn't already know.Currently in use as long-term rental suites, the minimum rental period is 30 days and we offer a projected short-term analysis available for review. This 3-story building occupies a 1/4 acre waterfront lot with one-way u-shaped drive for parking access. Apartments are generously proportioned enjoying views of the river or the immaculately tended National Cemetery on the land side. Historic homes of various styles and eras dot Marine St with sidewalks making for easy passage to and from the center of town. Demand for both long and shorter term rentals is strong and inventory low. With 10 apartments you can maintain a mix for a steady income stream partnered with higher rents for shorter 30+ day stays. Residents and visitors are drawn to St Augustine because of its walkability, full range of festivals, live music, art scene, small-town community, beaches and river sports and an ambiance imbued with a European flavour. The audience is a captive one indeed.

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    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-11-20T00:25:53.617.

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    www.exitrealestategallery.com/homes/82151815

    105 Marine St , 1-10 St Augustine, FL 32084

    • Price: $2,395,000
    • Status: Active
    • MLS #: 928661
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    10,528
    SQFT
    $227
    $/SQFT
    1900
    Built
    Neighborhood:
    32-St Johns County-St Augustine Area-East Of US-1
    County:
    St. Johns
    Area:
    32-St Johns County-St Augustine Area-East Of US-1
    Property Description
    History lives on in the former National Guard Hospital, now a 10-unit downtown apartment building on the banks of the Intracoastal Waterway. Offered with dock, 2 boat slips and exceedingly rare off-street parking (1 space per unit), Anastasia's on the Bay features furnished fully equipped 1 and 2BR residences with private decks or porches, original woodwork and themodern conveniences necessary for today's living. Current owners have invested over $800K in renovations over the past 5 years. The location is stellar - in the heart of our residential Historic District, the Matanzas River in the backyard, our bayfront esplanade 1 block north and all the architectural, culinary, cultural and scenic delights of downtown 3 blocks away, althoughyou wouldn't guess it if you didn't already know.Currently in use as long-term rental suites, the minimum rental period is 30 days and we offer a projected short-term analysis available for review. This 3-story building occupies a 1/4 acre waterfront lot with one-way u-shaped drive for parking access. Apartments are generously proportioned enjoying views of the river or the immaculately tended National Cemetery on the land side. Historic homes of various styles and eras dot Marine St with sidewalks making for easy passage to and from the center of town. Demand for both long and shorter term rentals is strong and inventory low. With 10 apartments you can maintain a mix for a steady income stream partnered with higher rents for shorter 30+ day stays. Residents and visitors are drawn to St Augustine because of its walkability, full range of festivals, live music, art scene, small-town community, beaches and river sports and an ambiance imbued with a European flavour. The audience is a captive one indeed.
    Exterior Features

    Building Stories 3 Stories Exterior Wall CoquinaStuccoVinyl SidingWood Siding Lot Description Irregular LotSidewalksWater Access Lot Location DowntownHistoric AreaResidential Subd Navigable To Ocean YN Yes Parking Facilities < 1 Space Per Unit1 Space P/UnitAssigned ParkingGravel Road Frontage City Street Road Surface Asphalt Road Roof Shingle Structure Off GradeWood Floor ConstrWood Frame Waterfront Description Access To OceanIntracoastalRiverfront Waterfront YN Yes

    Interior Features

    Ceiling Height 12' - 14' Ceilings8' - 10' Ceilings Energy Features Ceiling Fan(S)Heat Pump-Air HVAC CentralElectric Misc Amenities Historic BuildingLaundry FacilitiesMulti-TenantSecurity EntrySecurity LightingWaterfront Dock Total Bldg Sq Ft 10528.00

    Property Features

    Buildings 1 Building Commercial Type Multi-Family Condition Good Current Zoning Hp-1 Development Name Anastasia's On The B Development Status Recorded Plat Documents On File Floor Plans On FilePhotos On File Expenses Include Accounting/LegalInsuranceJanitorial ServicesLicenses & PermitsProperty MgmtRepairs & MaintSuppliesTaxes-Real EstateUtilities Landlord Expenses All UtilitiesExterior MaintenanceJanitorial ServiceRoof MaintenanceSignageStructuralTaxes Lot Number 4 Occupancy Tenant Occupied Possible Financing 1031 ExchangeCashConventional Present Use Zoned Res - Multi-Family Square Foot Source Tax Roll Tenant Expenses Insurance Type Potential Use InvestmentMulti-Family Units 5 - 10 Units Use Of Adjacent Area Residential Utilities Cable - ConnectedSewer - PublicWater - Public

    Listing courtesy of Century 21 Saltwater Property Group.


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-11-20T00:25:53.617.

    Digital Millennium Copyright Act
     
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