3825 Osprey Cir - Apartments FOR SALE


Saint Augustine, FL 32086
$1,150,000 USD
904-252-2823
3825 Osprey Cir, Saint Augustine, FL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

3825 Osprey Cir
Saint Augustine, FL 32086


HIGHLIGHTS

  • Value-add opportunity through light interior upgrades and managerial enhancements
  • Residential zoning allowing for favorable debt terms and insurance rates
  • Turn-key asset
  • 100% occupancy
  • 22% upside in current rents

OVERVIEW

Colliers is pleased to present Osprey Circle; An 8-unit apartment complex located in Saint Augustine, FL. The property is comprised of two quadplexes on separate parcels zoned residential allowing for favorable debt and insurance options. Each building is comprised of a 540 sf 1br/1ba apartment with washer and dryer hookups and separately metered utilities. Osprey Circle is located in Saint Johns County, one of the fastest growing counties in the state of Florida. According to the U.S. Census Bureau, Saint Johns county was the fastest growing county in the state between 2020-2022, growing 12.2% in that time period and is ranked 8th nationally. The property is also conveniently located within 15 min of historic Saint Augustine, a popular tourist destination in the state and “Americas Oldest City”.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

8

PRICE/UNIT

$143,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osprey Circle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

RS3

APN/PARCEL ID

136798-0550

ASK ABOUT THIS PROPERTY

Bennett HarrellColliersMore Info
904-252-2823

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Bennett HarrellColliersMore Info
904-252-2823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.