Active

59 CUNA Street

St Augustine FL, 32084

$1,350,000


$829.24 per sqft

Active

5 Beds

3 Baths

1,628 sqft

Multi-family

Built in 1900

Attention All AVID Airbnb Investors! Come and DOUBLE UP your earnings!! Currently average bookings around 50%-60% and room to hit 75%-100% bookings!

Numbers below are after booking & Management Fees.

-Just getting started in Sept. 2022 to Dec. 2022 earnings = $24k.

-Jan. 2023 to Dec. 2023 earnings = $70k. (3 times more than what was earned in 2022.)

-Jan. 2024 to Aug. 2024, earnings = $60k, with bookings through Dec. 2024 estimating an additional $23k. Putting 2024 currently at roughly $83k with more bookings happening daily. (This is 1.185 times more earned than 2023.)

-Based on averages we anticipate an additional $7k-$10k of income booked through the end of this year. Putting the annual income close to $95k-$100k.(about 1.428 times more than 2023.)

-Future bookings for 2025 are sitting at roughly 11k with about 39 days booked. Increase your bookings to 75% projects $149k annually, and 100% booked at $199k. (Based on averages ran) *Ask for updated numbers. This pre-1900's (1860s) fully furnished turnkey property is located in the heart of our Nation's First and Oldest cities, St. Augustine's historic district and is truly one of a kind!

Spending close to half a million dollars, the owner meticulously, lovingly and carefully restored this property, while maintaining its historic charm. You can own this piece of history with peace of mind that as much attention went into the aesthetic as went into the underlying structural integrity. You aren't just getting a property with some minor updates, you are getting a true internally completed restoration & renovation.

The renovation includes all new plumbing, all new electrical, all new appliances, new on demand water heaters, a total scrape, repair and exterior paint job , new interior paint, structural inspection and rejuvenation where needed, no cost was spared, owner had intended on owning for the foreseeable future.

The total restoration costs for this historical gem were upwards of half a million dollars. (Check out the docs tab for arch plans and more.)

The area of Cuna and Spanish Streets just underwent a lengthy beautification process where we are now just next door to the most lovely walking district in all of downtown, quiet, beautiful and still in the middle of it all. The installation not only focused on the aesthetic but greatly improved the infrastructure with new sewer and water lines, a greatly improved drainage system and beautiful streetings and red brick streets. A great area to own downtown, safe and inviting.



Currently an active airbnb with prime access to all of what downtown St. Augustine has to offer! Leave it as an airbnb, perfect for large groups of up to twelve, convert to a long term rental, student housing, pad split, commercial retail business or more! With commercial zoning, your possibilities are only limited by your imagination!


This property and its amazing history will live on for years to come, with the recent renovations it will stand for another 170 plus years! Owning such a beautiful relic in your portfolio is certainly something to be proud of and one piece of real estate you will NOT regret owning!


Schedule your private tour now!

1249560

MLS ID

September 25, 2023

Listed

December 3, 2024

Updated

Map

59 CUNA Street
St Augustine FL, 32084

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Appliances

Dryer, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Washer


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.05 Acres


Lot Features

Historic Area, Other


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

322-Downtown St Augustine


Taxes

$13,208


Tax Frequency

Annually


Days on Market

435


Garage

No


View

No


County

St. Johns


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

10/15/2024

Price change

$1,350,000

-9%

9/6/2024

Price change

$1,475,000

-5%

Courtesy of SANDBAR REALTY LLC

All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/3/2024 6:20 PM UTC. 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northeast Florida Multiple Listing Service (DBA as realMLS) (last updated 12/3/2024 6:20 PM UTC). 

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Data last updated 6:20 PM UTC, 12/3/2024

 

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