Movoto Real Estate
Sold on 12/13/2024
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59 Cuna St, Saint Augustine, FL 32084

  • $1,127,000

    Last sold 12/13/2024 for $1.2M

  • 5

    bed

  • 3

    bath

  • 1,628

    Sqft ($737/Sqft)

Multi-family not for sale
Movoto is helping 45 homebuyers near you

About 59 Cuna St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 2,178 Sqft
Movoto estimate
Rental estimate
Property description
Attention All AVID Airbnb Investors! Come and DOUBLE UP your earnings!! Currently average bookings around 50%-60% and room to hit 75%-100% bookings! Numbers below are after booking & Management Fees. -Just getting started in Sept. 2022 to Dec. 2022 earnings = $24k. -Jan. 2023 to Dec. 2023 earnings = $70k. (3 times more than what was earned in 2022.) -Jan. 2024 to Aug. 2024, earnings = $60k, with bookings through Dec. 2024 estimating an additional $23k. Putting 2024 currently at roughly $83k with more bookings happening daily. (This is 1.185 times more earned than 2023.) -Based on averages we anticipate an additional $7k-$10k of income booked through the end of this year. Putting the annual income close to $95k-$100k.(about 1.428 times more than 2023.) -Future bookings for 2025 are sitting at roughly 11k with about 39 days booked. Increase your bookings to 75% projects $149k annually, and 100% booked at $199k. (Based on averages ran) *Ask for updated numbers. This pre-1900's (1860s) fully furnished turnkey property is located in the heart of our Nation's First and Oldest cities, St. Augustine's historic district and is truly one of a kind! Spending close to half a million dollars, the owner meticulously, lovingly and carefully restored this property, while maintaining its historic charm. You can own this piece of history with peace of mind that as much attention went into the aesthetic as went into the underlying structural integrity. You aren't just getting a property with some minor updates, you are getting a true internally completed restoration & renovation. The renovation includes all new plumbing, all new electrical, all new appliances, new on demand water heaters, a total scrape, repair and exterior paint job , new interior paint, structural inspection and rejuvenation where needed, no cost was spared, owner had intended on owning for the foreseeable future. The total restoration costs for this historical gem were upwards of half a million dollars. (Check out the docs tab for arch plans and more.) The area of Cuna and Spanish Streets just underwent a lengthy beautification process where we are now just next door to the most lovely walking district in all of downtown, quiet, beautiful and still in the middle of it all. The installation not only focused on the aesthetic but greatly improved the infrastructure with new sewer and water lines, a greatly improved drainage system and beautiful streetings and red brick streets. A great area to own downtown, safe and inviting. Currently an active airbnb with prime access to all of what downtown St. Augustine has to offer! Leave it as an airbnb, perfect for large groups of up to twelve, convert to a long term rental, student housing, pad split, commercial retail business or more! With commercial zoning, your possibilities are only limited by your imagination! This property and its amazing history will live on for years to come, with the recent renovations it will stand for another 170 plus years! Owning such a beautiful relic in your portfolio is certainly something to be proud of and one piece of real estate you will NOT regret owning! Schedule your private tour now! All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells.
Listed by
Listing Agent - KIRA SIKES
Listing Office - SANDBAR REALTY LLC
Source: NEFAR MLS mls logo
MLS#1249560 • last updated 7 months ago
Movoto checked NEFAR MLS for data 5 minutes ago
Overview
Cooling/AC Central Air, Wall/Window Unit(s)
Heating Central, Electric
SqFt 1628
Status Closed
SubType Duplex
Virtual Tour N/A
MLS # 1249560
Type Residential Income
Lot Size (Acres) 0.05
Lot Size (Sqft) 2178
Property Tax 13208
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 2
# Half Baths 1
# Bedrooms 5
Flooring Vinyl
Appliances Dryer, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Washer
Exterior
Roof Shingle
Parking Other
Lot Description Historic Area, Other
Amenities / Utilities
Utilities Cable Connected
Sewer/ Septic Public Sewer
Water Source Public
Location
Subdivision City Of St Augustine
County St. Johns
Area 322-Downtown St Augustine
APN 1982000000
Directions I-95 N, Take Exit 318 Toward St Augustine, Merge Onto FL-16 E, Turn Right Onto US-1 S/N Ponce De Leon Blvd, Turn Left Onto Carrera St, Left Onto Cordova St, Right Onto Cuna St. Parking Off Spanish
Multifamily Details
Owner Pays Electricity, Hot Water, Sewer, Water
Lot/ Land Details
Current Use Commercial, Investment, Mixed Use, Multi-Family, Single Family, Other
Road Surface Asphalt
$1.12M
Range: $969K-$1.28M
Last 30 days 
Rental est.: $16,805/month
Gross rent multiplier: 6.7 - Great
  • Jan 2025
    mls logo MLS # 1249560
  • Jan 14, 2025 Sold
    $1,200,000 (-11.1%)
  • Jan 5, 2025 Active
  • Jan 2, 2025 Listed
  • Dec 15, 2024 Active
  • Oct 15, 2024 Price Change
    $1,350,000 (-8.5%)
  • Sep 6, 2024 Price Change
    $1,475,000 (-4.8%)
  • Jul 6, 2024 Price Change
    $1,550,000 (-6.0%)
  • Dec 10, 2023 Listed
    $1,649,000
  • Sep 25, 2023 Listed
    $1,750,000
  • Nov 2023
    mls logo MLS # 235990
  • Nov 3, 2023 Price Change
    $1,649,000 (-5.8%)
  • Sep 26, 2023 Listed
    $1,750,000 (+12.9%)
  • Sep 2023
    mls logo MLS # RM1249560
  • Sep 25, 2023 Listed
    $1,550,000 (-11.4%)
  • 59 Cuna St
    $1.2M
  • 322-downtown St Augustine
  • 32084
    $394K -1% y/y
  • Saint Augustine
    $486K -2% y/y
No chart available
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