St Augustine, FL 32084,227 RIBERIA ST
St Augustine, FL 32084,227 RIBERIA ST
St Augustine, FL 32084,227 RIBERIA ST
St Augustine, FL 32084,227 RIBERIA ST
St Augustine, FL 32084,227 RIBERIA ST
St Augustine, FL 32084,227 RIBERIA ST
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$670,000

$695,000

3.6%
Est.Price: ?

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Est. payment /mo

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)

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Listed by COLDWELL BANKER PREMIER PROPERTIES
Bought with RE/MAX SPECIALISTS
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