**BACK ON THE MARKET due to buyer's inability to close, this fully renovated, move-in-ready multi-family property is a rare chance to own a piece of St. Augustine's history, APPRAISED WELL ABOVE LIST PRICE!** Just steps from downtown and Flagler College, this historic gem is perfectly situated to capitalize on the bustling Nights of Lights season. The property features a charming main house with 2 bedrooms and 2 baths, plus the fully updated Carrera Cottage, which includes two separate apartments with private entrances—ideal for short or long-term rentals.
Every detail has been thoughtfully upgraded, including new kitchens, baths, luxury vinyl plank flooring, HVAC systems, and exterior shingles. Smart locks, automated thermostats, and solar outdoor lighting provide modern conveniences, while the beautifully shaded Carrera Courtyard offers a tranquil fire pit area beneath mature oaks. Each apartment in the Carrera Cottage features its own outdoor area: a spacious balcony with all-weather decking for Apt. A, and a covered patio with custom planters for Apt. B, giving tenants private spaces to unwind. The beautifully shaded Carrera Courtyard between the buildings offers a fire pit and seating under mature oak trees, perfect for relaxing. Built in the 1920s and thoughtfully updated with modern conveniences, this move-in-ready property includes smart home features, solar outdoor lighting, and ample parking on a new limestone driveway. The durable 10-year-old metal roof ensures low maintenance, and with all units fully renovated, it's ready for immediate rental income. Schedule a tour today to explore this unique investment opportunity near the heart of St. Augustine!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $948,000 | $948,000 | $948,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $625 | $625 | $625 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,070 | $5,914 | $8,193 |
Total Monthly Payment | $6,820 | $6,664 | $8,943 |
* 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.