654 Market St St. Augustine, FL 32095

This exceptional mixed-use property in St. Augustine, Florida, presents a unique investment opportunity. The 3,916 square foot building, constructed in 2014, comprises three distinct units: a 2,096 square foot townhome, a 1,075 square foot commercial space, and a 750 square foot studio apartment. All three units are currently under a gross lease agreement. The property boasts a 6.00% cap rate and is currently 67% occupied. The townhome features two oversized en-suite bedrooms, each with walk-in closets and balconies, upgraded travertine tile bathrooms, a gas cooktop, granite countertops, stainless steel appliances, engineered hardwood floors, and a laundry room. The building is constructed of commercial-grade concrete and steel, includes a sprinkler system, and benefits from spray foam insulation for energy efficiency. The commercial space enjoys high visibility within the complex. The property is situated in a desirable golf course community, offering convenient access to amenities such as a pool, tennis courts, golf course, fitness center, clubhouse, barber shop, salon, and dog groomer. Nearby conveniences include Publix, Starbucks, and Costco. The property's zoning is mixed-use, allowing for flexibility in its utilization. The townhome also features a two-car garage and a paved courtyard with privacy walls. Homeowners insurance is included in the HOA fee. This end unit has ten additional west-facing windows, providing ample natural light. This property offers significant potential for diverse income streams through various rental strategies, including house hacking. The property is located at 654 Market St, St. Augustine, FL 32095.