8 Saragossa Street St Augustine, FL 32084

Five unit apartment building in the heart of the Historic District with parking for all apartments "on site". With rental properties in such high demand and with its incredible central location, 8 Saragossa presents an excellent opportunity for an investor. The RG-1 zoning allows for nightly rentals and with parking available for tenants, the convenience for guests to park and walk the City is invaluable. There have been some updates made over the years such as central HVAC, roof, etc and recently the house was tented and has a transferrable bond. There are 5 electric meters and 5 water meters. The current owner has used the property with long term tenants. The main house is configured as a large three bedroom, one bath apartment downstairs with a large kitchen, dining room and living room. Upstairs facing Saragossa is a large one bedroom apartment with a fantastic porch overlooking the streetscape. Upstairs in back is a one bedroom, one bath apartment with kitchen and a private entrance. Separated in back is the detached two story cottage with each apartment on its own floor and with private porch entries. Configured as one bedroom and one bathroom. A little history - 8 Saragossa is located where numerous orange groves once thrived until Dr. Andrew Anderson, a prominent physician and civic leader acquired the property from his friend Henry Flagler and subdivided it in the late 1880's Soon after, residential building thrived and the neighborhood streets were all named after cities in Spain....hence Saragossa Location, convenience and flexible zoning make this property a strong opportunity to consider......