USAFLSt AugustineModel Land Co-Fl16 Mulvey St

16 Mulvey St, St Augustine, FL

Name: 16 Mulvey St, For Sale in St Augustine - Zoocasa
Brand: Century 21 St Augustine Properties
SKU: 263419
Price: 1740000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,740,000

500

MLS® 263419

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $11,751

Days Active 1

Lot Size

Approx. Age 1890

MLS® Number 263419

Property Address: 16 Mulvey St, St Augustine, FL, 32084-3599

Average square foot calculated using Size range provided by listing agent.

Description

**Historic Downtown St. Augustine Turnkey Investment Opportunity** Rare opportunity to own a premier income-producing property in the heart of Downtown St. Augustine's Historic Entertainment District. This beautifully maintained five-unit multifamily property is currently operating as a highly successful short-term rental with a proven track record, generating $313, 000 in gross revenue over the past year. The property has outpaced most of the competition in revenue growth with last year representing a 22% increase over the past 4 years. The property consists of four spacious one-bedroom, one-bath apartments and one efficiency apartment, offering an ideal mix of accommodations for visitors seeking the charm and convenience of the Nation's Oldest City. Whether you're an experienced investor or looking to enter the thriving vacation rental market, this turnkey opportunity is ready to continue producing exceptional returns., Major capital improvements have already been completed, including a newer roof, updated electrical and plumbing systems, and a current termite bond, providing peace of mind for years to come. Situated on a rare double lot, the property features a beautifully landscaped backyard retreat that sets it apart from the competition. Guests can enjoy their morning coffee surrounded by mature landscaping and birdsong or unwind after a day exploring the city in this peaceful outdoor oasis. The location is simply unbeatable—just steps from St. Augustine's renowned restaurants, shops, galleries, live music, museums, and historic attractions, while only minutes from the area's beautiful beaches. This is the perfect combination of historic charm, walkability, and coastal living. This is more than a property—it's an opportunity to own a thriving hospitality business in one of Florida's most iconic and desirable destinations. **Attractive Financing Potential** The property's strong operating history may make it an outstanding candidate for a Debt Service Coverage Ratio (DSCR) loan, allowing qualified buyers to potentially qualify based primarily on the property's income rather than personal income. Based on the property's proven performance, a qualified buyer with strong credit, a 25% down payment, and an interest rate in the 7% range could potentially achieve a Debt Service Coverage Ratio exceeding 1.70 while realizing an estimated cash-on-cash return of more than 30%. Actual financing terms and investment returns will vary based on lender requirements, operating expenses, and borrower qualifications. For a personalized financing analysis and to learn more about available business-purpose loan products, contact our preferred lender Gary Field, who can provide customized loan scenarios and help you identify the financing solution best suited to your investment objectives. Gary Field 603-566-9346 [email protected] NMLS 2738702 NewFed Mortgage Corp. NMLS 1881

MLS® Number263419

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1890

Basement

Driveway

Garage Spaces

HeatCentral, Electric, Window Unit

A/CCentral, Window Unit

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 27, 2026List Date

$1,740,000List Price

Commute

Commute

Starting Address

Destination Address

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