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$ 1,750,000
Est. payment /mo
Active
177 Riberia St St Augustine, FL 32084
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Subdivision Dumas Tract
MLS Listing ID 262794
HOA Y/N No
Year Built 1926
Annual Tax Amount $13,859
Tax Year 2025
Property Sub-Type Quadplex
Property Description
Exceptional investment opportunity in the heart of downtown St. Augustine! This fully renovated 4-plex is zoned for nightly rentals, offering tremendous income potential in one of Florida's most sought-after historic destinations. The property features four updated units, including two spacious 2-bedroom, 2-bath units and two well-appointed 1-bedroom, 1-bath units. All units have been renovated and are equipped with newer HVAC systems and propane tankless water heaters, providing modern comfort and efficiency for tenants or guests. Ideally located just steps from popular local destinations including The Ice Plant and St. Augustine Fish Camp, and within easy walking distance of shopping, dining, entertainment, and all the attractions that make downtown St. Augustine a year-round destination. The sale also includes the adjacent parcel at 179 Riberia Street, featuring a large garage/storage building and a multi-unit laundry facility. Continue utilizing the additional storage and laundry amenities, or explore the potential redevelopment opportunity. The site may offer the possibility of removing the existing storage structure and constructing a second 4-plex, potentially doubling your income-producing capacity (buyer to verify all zoning, permitting, and development requirements). The property is currently leased on a long-term basis; however, all leases have transitioned to month-to-month, providing maximum flexibility for an investor seeking to implement a short-term rental strategy or reposition the asset to maximize returns. Whether you're looking for a turnkey income property, a short-term rental portfolio addition, or a future development opportunity, this unique downtown St. Augustine offering checks all the boxes. Contact listing agent to schedule showings. All 4 units are rented so please allow for some time and flexibility as showings will need to be coordinated with all 4 sets of tenants. Showings will begin June 16th.
Location
State FL
County St. Johns
Area 04
Zoning RG-1
Location Details Marsh View,Water View
Interior
Heating Central, Electric, Heat Pump
Cooling Central, Electric
Building
Water City
New Construction No
Listed by Century 21 St Augustine Properties
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