$925,000
$50K PRICE DROP

Estimated payment $6,052/month

Total Views 6,329
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Concrete Block With Brick
  • Central Heating and Cooling System
  • Rectangular Lot
  • R.B. Hunt Elementary School Rated A

About This Home

Investment Opportunity in Prime Davis Shores Location with Commercial Zoning – Concrete Quadplex with Over $73k Annual Rental Income and 10 parking spaces! Nestled in the desirable Davis Shores neighborhood, 208 Arricola offers a rare opportunity to own a fully rented quadplex generating over $73,000 in annual rental income. Each unit is roughly 800 square feet in size and features 2 bedrooms and 1 bath. Separate water and electric meters. Zoned CL-1 Commercial Low-One by the City of St. Augustine, this property provides excellent potential for future uses while maintaining its strong rental history. Recent Upgrades: Metal roof installed in 2015.22 hurricane-rated windows and sliding doors added in 2017. All HVAC systems replaced in recent years.Updated electrical panels (4 separate) in 2020. Additional Features: Termite bond in place with no insurance claims or hurricane damage since owners purchased the property in 2013, offering peace of mind to investors and tenants alike. Located just minutes from historic downtown St. Augustine and pristine beaches, this property is ideal for long-term rentals, vacation housing, or potential conversion into other permitted CL-1 uses such as professional offices, boutique retail, or even bed-and-breakfast operations. Priced at $975,000, this investment offers immediate cash flow and endless possibilities for the future. Don’t miss your chance to own a turnkey property in one of St. Augustine's most sought-after areas.

Listing Agent

DJ DellaSala

DJ & Lindsey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,673

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 95x75
  • Rectangular Lot

Home Design

  • Concrete Block With Brick
  • Stucco Exterior

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Gross Income $73,200

Listing and Financial Details

  • Assessor Parcel Number 219180-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,673

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Additional Marketing: Yes
  • Class: Multifamily
  • Construction: Concrete Block, Stucco
  • Heat: Central, Electric
  • Legal Description: 3-99 DAVIS SHORES LOTS 28 29 & 30 BLK 38 OR4203/939
  • Lvt Date: 01/16/2025
  • Public Comments: Yes
  • Type Of Property: Quadplex
  • Waste: Sewer
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Air Conditioner: Central, Electric
  • Water: City

Lot Info

  • Lot Size: 95x75
  • Lot Type: Regular
  • Zoning: CL-1
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 219180-0000

Multi Family

  • Gross Annual Income: 73200
  • Units: 4

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,673 $679,683 $255,938 $423,745
2023 $10,673 $707,059 $255,938 $451,121
2022 $9,294 $558,065 $202,566 $355,499
2021 $8,239 $436,572 $0 $0
2020 $7,394 $366,677 $0 $0
2019 $7,406 $357,051 $0 $0
2018 $6,924 $337,086 $0 $0
2017 $6,814 $328,070 $110,906 $217,164
2016 $6,964 $328,070 $0 $0
2015 $6,723 $305,025 $0 $0
2014 $5,034 $223,229 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2025 03/29/25 Price Changed $925,000 -5.1% --
01/16/2025 01/16/25 For Sale $975,000 +172.7% --
12/17/2023 12/17/23 Off Market $357,500 -- --
12/17/2023 12/17/23 Off Market $285,000 -- --
07/28/2014 07/28/14 Sold $357,500 -12.8% $103 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
07/04/2014 07/04/14 For Sale $410,000 +43.9% $118 / Sq Ft
07/27/2012 07/27/12 Sold $285,000 -18.3% $356 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $349,000 -- $436 / Sq Ft
Source: St. Augustine and St. Johns County Board of REALTORS®

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Warranty Deed $357,500 Attorney
Warranty Deed $285,000 Land Title Of America Inc
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $199,500 Commercial
Source: Public Records

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Source: St. Augustine and St. Johns County Board of REALTORS®

MLS Number: 250313

St. Augustine and St. Johns County Board of REALTORS®

APN: 219180-0000