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950 Sidney Street, St. Augustine, FL 32084

$4,000,000
Property Type: Commercial Sale Baths: 35 Square Footage: 90,000 Lot Size (sq. ft.): 108,900 Status: Active
Current Price: $4,000,000 List Date: 4/16/2024 Last Modified: 5/13/2024

Description

Keller Williams Space Coast is proud to present an exceptional investment opportunity in COQUINA OAK Mobile Home Park, located in the historic and picturesque city of Saint Augustine, FL owned by Joe Rud Trucking (JRT). As the oldest city in the USA, Saint Augustine is not only a beacon of history and culture but also a thriving beach town renowned for its Old Fort, vibrant restaurants, artisan distilleries, and proximity to world-class golfing facilities, including the World Golf Hall of Fame and the prestigious Ponte Vidra, home of the PGA. This memorandum outlines the property overview, operational excellence, strategic expansion plan, and the valuation and investment projection that underscore the attractiveness of this investment in a city that attracts millions of tourists annually.

More Information MLS# 1011040

Contract Information

Current Price: $4,000,000 Original List Price: 4200000 List Price: $4,000,000 Status: Active Listing Contract Date: 2024-04-09 Property Sub Type: Mobile Home Park

Location, Tax, and Legal

Street Number: 950 Street Name: Sidney Street Suffix: Street Tax Account: 1269810000 Parcel Number: 126981 County: St. Johns State: FL Postal Code: 32084 MLS Area Major: 999 - Out of Area General County Location: Out of Brevard Tax Annual Amount: 32000 Tax Year: 2023 Tax Legal Description: 6-1 E1/2 HUERTAS GRANT SUB ALL LOT 6 BLK 20 OR5554/404 Zoning Description: Mobile Home(s) Directions: from I 95, take exit 311 onto SR-207 towards St Augustine Bch, after 4.9 miles, turn left onto S Dixie Hwy. 700 feet turn left onto Columbus, 500 ft, turn right onto Coquina Oak Park

General Property Information

Number Of Units Total: 25 Bathrooms Total: 35 Building Area Total: 90000 Building Area Source: Appraiser Year Built: 1984 Building Name: Coquina Oak Lot Size Acres: 2.5 Land Lease YN: No Association YN: No Waterfront YN: No Senior Community YN: No List Price/SqFt: 44.44

Remarks and Miscellaneous

Public Remarks: Keller Williams Space Coast is proud to present an exceptional investment opportunity in COQUINA OAK Mobile Home Park, located in the historic and picturesque city of Saint Augustine, FL owned by Joe Rud Trucking (JRT). As the oldest city in the USA, Saint Augustine is not only a beacon of history and culture but also a thriving beach town renowned for its Old Fort, vibrant restaurants, artisan distilleries, and proximity to world-class golfing facilities, including the World Golf Hall of Fame and the prestigious Ponte Vidra, home of the PGA. This memorandum outlines the property overview, operational excellence, strategic expansion plan, and the valuation and investment projection that underscore the attractiveness of this investment in a city that attracts millions of tourists annually.

Status Change Information

Major Change Timestamp: 2024-05-13T17:07:32Z Major Change Type: Price Reduced Price Change Timestamp: 2024-05-13T17:07:32Z Status Change Timestamp: 2024-04-16

Building Features

% Air Conditioned or Heated: 100

Income and Expenses

Gross Income: 374000 Insurance Expense: 32000 Maintenance Expense: 33600 Net Operating Income: 2944000

Unit 1 Details

Unit ID: 1 Annual Rent: 16800 Unit SqFt: 924 # Units (This Type): 20 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled 2023

Unit 2 Details

Unit ID: 2 Annual Rent: 14400 Unit SqFt: 644 Baths Total: 1 Furnished: Unfurnished Unit Remarks: Unit was remodeled in 2023

Unit 3 Details

Unit ID: 3 Annual Rent: 16800 Unit SqFt: 966 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled 2023

Unit 4 Details

Unit ID: 4 Annual Rent: 1680 Unit SqFt: 966 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit Was remodeled 20223

Unit 5 Details

Unit ID: 5 Annual Rent: 15600 Unit SqFt: 984 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled in 2023

Unit 6 Details

Unit ID: 6 Annual Rent: 16000 Unit SqFt: 966 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled 2023

Unit 7 Details

Unit ID: 7 Annual Rent: 16800 Unit SqFt: 984 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled 2023

Unit 8 Details

Unit ID: 8 Annual Rent: 16800 Unit SqFt: 984 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit was remodeled 2023

Property Features

Building Features: Fenced Ceiling Type: Drywall; Height Varies; Insulated; Wood Panel Construction Materials: Aluminum Siding; Frame Cooling: Ceiling Fan(s); Central Air Current Use: Manufactured Home; Residential Electric: 100 Amp Service Existing Lease Type: Gross Fencing: Back Yard Flooring: Vinyl Green Energy Efficient: Appliances; HVAC; Roof; Water Heater Heating: Electric Listing Terms: Cash; Conventional Lot Features: Corner Lot; Historic Area; Many Trees; Wooded Operating Expense Includes: Accounting; Advertising; Insurance; Maintenance; Water/Sewer Owner Pays: Common Area Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Pest Control; Roof Maintenance; Security; Taxes; Trash Collection Parking Features: Assigned; Guest Possession: Close Of Escrow Road Frontage Type: City Street Sale Includes: Business with Real Estate Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Private Sewer; Public Sewer Showing Requirements: Call Listing Agent Tenant Pays: All Utilities Utilities: Cable Available Water Source: Public
Listing Office: Keller Williams Space Coast
Last Updated: May - 13 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.