50 Cubbedge Rd

Beds
Baths
Sq. Ft.
/ Sq. Ft.
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per Sq. Ft.

Description

This unparalleled and rarely available multifamily property sits directly on Crescent Beach within the heart of Saint Augustine, FL. This 7-unit building offers investors a unique value-add opportunity while providing reliable cash flows from the existing 100% occupancy. The property is properly zoned and perfectly suited for a short-term vacation rental or a repositioned annual lease model. Renovated units provide nearly a 75% increase in rents. Short-term vacation rentals have proven to generate...This unparalleled and rarely available multifamily property sits directly on Crescent Beach within the heart of Saint Augustine, FL. This 7-unit building offers investors a unique value-add opportunity while providing reliable cash flows from the existing 100% occupancy. The property is properly zoned and perfectly suited for a short-term vacation rental or a repositioned annual lease model. Renovated units provide nearly a 75% increase in rents. Short-term vacation rentals have proven to generate almost 300% of current monthly revenues. No matter use, residents enjoy breathtaking vistas of the Atlantic with private beach access to renowned Crescent Beach. Some of the most stunning ocean views are the focal of this investment property. Current NOI is $121K. Bring All Offers.

Listing Agent

  1. Brad Kuskin

    Brad Kuskin

    Listing Agent

    Compass

    brad.kuskin@compass.com

    P: (561)-232-7899

Property Details for 50 Cubbedge Road

Waterfront
Yes
LISTING UPDATED: 03/26/2024 09:21 AM

Property Details for 50 Cubbedge Road

StatusClosed
MLS #RX-10683366
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1977
Lot Size-
CountySt. Johns County
Buyer's Agent Compensation5%

Location

Sold By Compass Florida LLC

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Building Information for 50 Cubbedge Road

Stories-Residences-Year Built1977Building Size-Lot Size-

Payment Calculator

$13,067 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,259

Property Taxes

$1,808

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 50 Cubbedge Road

Summary
Location and General Information
  • Directions: Head northeast on FL-206 E toward St. Augustine Beach (Ave. D). Turn right onto A1A S/A1A Scenic and Historic Coastal Byway. Turn left at the 1st cross street onto Cubbedge Rd.
  • Geo Area: PB07
  • Street Number: 50
  • Municipal Code: St. Augustine
  • State: FL
  • City Postal ID: 32080
  • MLS Area: 5940
  • MLS Sub Area: PB07
Taxes and HOA Information
  • Comm/Trans Brk: 10.0%
  • Tax Year: 2020
Property
Lot Information
  • Area: 5940
  • Parcel ID: 1808600000
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Tax Rolls
  • Zoning: Multi Family
Property and Assessments
  • Acres: 0.6
  • For Sale: Yes
  • Legal Desc: 4/27 MIDDLETON SUBDIVISION REPLAT LOT 12 (EX W12FT) & LOT 13 (EX W16FT) BLK 13 (5 UNITS) OR4892/686
  • Legal Description: 4/27 MIDDLETON SUBDIVISION REPLAT LOT 12 (EX W12FT) & LOT 13 (EX W16FT) BLK 13 (5 UNITS) OR4892/686
Utilities
  • Utilities: Cable, Electric
Interior and Exterior Features
Interior Features
  • Roof: Built-Up, Comp Rolled
  • Cooling: Central Individual
  • Flooring: Ceramic Tile, Vinyl Floor
  • Heating: Central Individual
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: Electric
Agent
Agent Only
  • Selling Agent Full Name: Brad Kuskin
  • Selling Office Branch ID: 276611618

Property History for 50 Cubbedge Road

DateEvent & SourcePriceAppreciation
Apr 21, 2021

Sold

RAPB #RX-10683366

$2,310,000
Mar 15, 2021

Pending

RAPB #RX-10683366

Jan 10, 2021

Listed (Active)

RAPB #RX-10683366

$2,800,000
Feb 27, 2020

Sold (Public Record)

Public Record #664487689

$1,625,000
Mar 7, 2014

Expired

SASJMLS #145293

Mar 6, 2014

Sold

SASJMLS #145293

$1,595,000
Sep 6, 2013

Listed (Active)

SASJMLS #145293

$1,595,000
Dec 27, 2001

Sold

NEFMLS #2750

$740,000
May 25, 2000

Listed (Active)

NEFMLS #2750

$850,000
DateEvent & SourcePrice
04/21/2021

Sold

RAPB #RX-10683366

$2,310,000
03/15/2021

Pending

RAPB #RX-10683366

01/10/2021

Listed (Active)

RAPB #RX-10683366

$2,800,000
02/27/2020

Sold (Public Record)

Public Record #664487689

$1,625,000
03/07/2014

Expired

SASJMLS #145293

03/06/2014

Sold

SASJMLS #145293

$1,595,000
09/06/2013

Listed (Active)

SASJMLS #145293

$1,595,000
12/27/2001

Sold

NEFMLS #2750

$740,000
05/25/2000

Listed (Active)

NEFMLS #2750

$850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 50 Cubbedge Road

Taxable ValueLand-Additions-Total-
Tax Record2024$21,700 ($1,808 / month)
Home Facts
Total Finished SqFt7,366 SqFtAbove Grade Finished SqFt7,366 SqFtStories2Lot Size26,136 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977Year Renovated2002ZoningRS3CountyST. JOHNSAPN180860 0000

Schools near 50 Cubbedge Road

This home is within St. Johns.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
W. Douglas Hartley Elementary School
PublicPK to 5

Gamble Rogers Middle School
Public6 to 8

Pedro Menendez High School
Public9 to 12

Gaines Alternative At Hamblen
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.