259 RIBERIA STREET

Saint Augustine, FL 32084
$849,000
2896 sqft | 4 beds | 4 baths | 0.12 acres | #FC305063

Description

Fantastic investment opportunity in the Historic Lincolnville District! This side-by-side duplex offers flexibility—rent out both units, or live in one and lease the other. Each two-story unit features an identical layout, with 1 bedroom and 1 bath on each floor. The downstairs level includes a bedroom, bath, washer/dryer, durable vinyl flooring and a private entrance to the backyard. Upstairs, you'll find a spacious bedroom and bath, a kitchen with granite countertops, stainless steel appliances, stainless steel large single basin sink, large kitchen island with bar seating, a large living room, vaulted ceilings, oak wood floors and a balcony overlooking Riberia Street. Each unit also has its own pavered walkway to a private entrance, pavered driveway parking space, a 1-car garage and a gated entry to the backyard. This property is loaded with charm and modern touches, including a painted metal roof, designer tile in the kitchens and baths, LED light fixtures, cordless blinds and fresh paint. Recent updates include refinished oak floors upstairs, new horizontal front fencing with two gates, new back doors, new interior and exterior door knobs and freshly painted trim in the stairwells.Each garage is 11.5 feet high with storage above the bay. With long-term rental potential estimated at $2,300–$2,700 per unit and projected short-term rental revenue around $100,000 annually (per AirDNA), this property is a prime income-generating asset. Zoned RG-1 with no rental restrictions, it qualifies for nightly rentals per City of St. Augustine zoning regulations. Great location close to Ice Plant, St. Augustine Distillery, St. Augustine Fish Camp, San Sebastian Winery and Eddie Vickers park that includes a public swimming pool! Don’t miss out on this versatile and profitable property!
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  • Property Details
      • Interior:Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface C
      • Bedrooms:4
      • Bathrooms:4
      • Full Baths:4
      • Lot description:City Limits
      • Exterior materials:Private Mailbox
      • Acres:0.12
      • Square Feet:2896
      • Parking spaces:2
      • Property type:Purchase
      • Year built:2004
      • Foundation:Crawlspace
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Connected, Sewer Connected, Water Connected
      • Subdivision:BUENA ESPERANZA SUB
      • County:St Johns
      • Original List Price:$899, 000
      • Days on Market (Cumulative):50
      • Taxes annual:$10, 675
      • MLS #:FC305063
      • Cost:849000
      • Property subtype:Half Duplex
      • MLS #:FC305063
      • Property condition:Completed

Location

Juan C. CarnicerReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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