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62 Cuna Street, Saint Augustine, FL, 32084 | $2,500,000
Explore a lucrative income-producing opportunity with the Pomar House, a meticulously renovated property nestled in the heart of St. Augustine's historic downtown district. This investment gem seamlessly blends historical charm with modern amenities, promising not just a piece of history but a thriving income stream. The Pomar House, formerly a historic landmark, has been transformed into a versatile mixed-use commercial property. A major tenant, Modern Rose has been secured with a 5-year lease with a potential for an additional 5 years on the 1st floor. While the 2nd floor boasts 4 short-term vacation rentals. This property serves as a prime hub for tourism in the nation's oldest city. The four rental units, including three thoughtfully designed studio spaces and a spacious two-bedroom haven, are meticulously crafted for maximum comfort. The two-bedroom unit adds to the allure with a spacious balcony, offering a unique and enticing perspective of the bustling Cuna Street below. Beyond the allure of its architecture, the Pomar House is strategically positioned to capitalize on St. Augustine's robust tourism industry. Just a short stroll away from the vibrant St. George Street, this property provides unparalleled access to the city's countless shops, restaurants, and historic attractions. The location ensures a consistent flow of visitors, making the Pomar House an ideal income-generating asset. Complementing the short-term vacation rentals are two commercial spaces on the first floor, presenting an opportunity for entrepreneurs to tap into the dynamic local business scene. St. Augustine's tourism, deeply woven into the city's fabric, guarantees a steady stream of potential customers. Investing in the Pomar House means not just owning a piece of St. Augustine's history but also securing a robust income-producing property. Take advantage of the city's vibrant tourism and let the Pomar House be your gateway to a thriving investment in the heart of this historic destination.
Features
- Current Use: Retail,Other-See Remarks
- Parking: 4-car
- Cooling: Central A/C,Electric,Zoned
- Lot Size: 47 x 154
- Year Built: 1900
- Approx Sq. Feet: 4,381
- Acreage: 0.02
- Est. Taxes: $623
- MLS#: 234023
- Days on Market: 534 days
- Website: https://www.raveis.com
/prop/234023/62cunastreet_saintaugustine_fl?source=qrflyer
Listing courtesy of Berkshire Hathaway Homeservices Florida Network Realty-Murabella
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
62 Cuna Street, Saint Augustine, FL, 32084
$2,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | $52 | $52 | $52 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,972 | $12,806 | $17,560 |
| Total Monthly Payment | $13,149 | $12,983 | $17,737 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388