$670,000
$695,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,112 SqFt
SOLD DATE : 03/21/2023
Key Details
Sold Price $670,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,112 sqft
Price per Sqft $602
Subdivision Genovar Addition
MLS Listing ID 1196883
Sold Date 03/21/23
Style Traditional
Bedrooms 2
Full Baths 2
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 2021
Lot Dimensions 75X50
Property Description
Turn key vacation rental! Everything included. Sweet T's is a newly Constructed Generation home in Lincolnville - Old Town St. Augustine. Take advantage of walking to all the restaurants, historic places, nightlife, attractions and festivals. A mile to Bayfront and Marina. Zoned RG1 which allows nightly rentals, currently used as an Airbnb. Only a year old, raised foundation stem wall. 2+ off street parking. Metal track Hurricane shutters. Smooth walls/8' doors – 9' ceilings vaulted. Hurricane & noise cancelling windows on front. City water/Sewer & Water Softener. Custom vanities. High end appliances including a wine cooler. Cozy, tiled, screened porch. Fully fenced backyard with paver patio Landscape lighting and Gas firepit & outside shower. Wired for a future hot tub. All 5 Star Reviews - check the listing. https://abnb.me/rh88aJry3ub
Comments from the owner:
Sweet T's has only been open since first of January.
Sweet T Gross Revenue through 10/31/22
$29500 Airbnb
$16900 VRBO
$2400 Lodgify
$48,800
Sweet T Bookings through 11/01/22-12/31/22
$10,870 Airbnb and VRBO
Total Gross $59,670
Occupancy 58.6%
Average nightly $278
Had a slower summer than expected, coming to find out that our Calendars were not syncing correctly due to a glitch in Lodgify. Ended up with a lot of blocked dates in June and July that were actually open.
Average Monthly Expenses
Power $100
Water/Sewer $100
Internet $100
Property Taxes $650
Supplies $150
Insurance $125
House keeping $600
Misc $50
Again, this was year one. We are at just the beginning of the rental growth chart. We have been in the STR business for 10 years and know that it's in years 2-4 that we start maximizing income. There's definitely potential to grow revenue in 2023.
Why am I selling?
I'm 65 and retiring the first in January 2023. We would like to be able to travel and explore other opportunities.
Location
State FL
County St. Johns
Community Genovar Addition
Area 322-Downtown St Augustine
Direction US 1 and King Street - East on King St. to Right (south) on Riberia St. to home on left.
Interior
Interior Features Primary Bathroom - Shower No Tub, Primary Downstairs, Vaulted Ceiling(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile, Vinyl
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Outdoor Shower, Storm Shutters
Garage Additional Parking
Fence Back Yard, Wood
Pool None
Waterfront No
Roof Type Shingle
Porch Front Porch, Patio, Porch, Screened
Parking Type Additional Parking
Private Pool No
Building
Lot Description Historic Area
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Fiber Cement,Frame
New Construction No
Schools
Elementary Schools Ketterlinus
Middle Schools Sebastian
High Schools St. Augustine
Others
Tax ID 2100800000
Security Features Smoke Detector(s)
Read Less Info
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