Florida Homes Realty & Mortgage-St Johns
16 Mulvey St # 1, 2, 3, 4, 5 Saint Augustine, FL
$ 1,550,000
Property Attributes
  • MLS#196236
  • TypeMulti-Family
  • CitySaint Augustine
  • Area04
  • NeighborhoodModel Land Co-St
  • Zip32084
  • StyleApartments (5+ Units)
  • Year Built1890
  • Taxes8102
  • Price$ 1,550,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
Listing Provided Courtesy Of:
Peake Properties LLC
Property Description

Located in RG-1, this beautiful apartment building offers a great opportunity for good cash flow. The 5 apartments were completely renovated in 2017-2018. New wiring throughout, new plumbing, new kitchens including appliances, new bathrooms. Furnishings are also available The house has a sprinkler and built-in fire alarm system. The third floor was originally an apartment, but has been converted to an office/storage area for the short-term rental supplies. Large 12x12 storage shed for bikes ADVANCE APPOINTMENT REQUIRED TO SEE PROPERTY. PLEASE CALL AT LEAST 24 HOURS AHEAD. All 5 apartments were rented on a short-term basis through 2019, generating over $200K in gross revenues and steady 5 star reviews. With COVID restrictions, 3 apartments are rented long term to May 2021. 1 is short-term and 1 will become short term by October 2020. The location is terrific, located right across from Ketterlinus Elementary School, and is really popular with our guests and tenants. Beautiful shaded large back yard with barbecue grills. It's a really stunning property. Completely legal to do short-term vacation rentals! Also a super property for long-term tenants. Rustic office space available on the third floor.

Price History
6/18/2020 Listed $1,550,000

General Features

Bank/Corporate Owned? No
Construction Frame, Other, Wood
Cooling Central, Other Air
Extras Cable Available, Dishwasher, Disposal, Laundry, Microwave, Range, Refrigerator, Window Treatments
Heating Central, Heat Pump, Other Heat
Legal Description MODEL LAND CO SUB CITY S67.90 FT OF LOT 14 BLK M LYING W OF MULVEY ST OR4197/451 &4197/455
Listing Area 04
Location City
New Construction Y/N No
Status Active
Status Active
Subdivision/condo Model Land Co-St
Taxes 8102.86
Type Apartments (5+ Units)
Water City
Year Built 1890

Exterior Features

Dock No
Lot Dimensions 7405
Lot Type Regular
Waterfront No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32084

AVG $910K
AVG $5,611
AVG 126
Year Built
AVG 1916

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