$4,200,000
St. Augustine, FL 32084
MLS# 1011040
35 baths
1 / 6
Property Description
Keller Williams Space Coast is proud to present an exceptional investment opportunity in COQUINA OAK Mobile Home Park, located in the historic and picturesque city of Saint Augustine, FL owned by Joe Rud Trucking (JRT). As the oldest city in the USA, Saint Augustine is not only a beacon of history and culture but also a thriving beach town renowned for its Old Fort, vibrant restaurants, artisan distilleries, and proximity to world-class golfing facilities, including the World Golf Hall of Fame and the prestigious Ponte Vidra, home of the PGA. This memorandum outlines the property overview, operational excellence, strategic expansion plan, and the valuation and investment projection that underscore the attractiveness of this investment in a city that attracts millions of tourists annually.
Details
Maps
Documents
Contract Information
Current Price: $4,200,000
Original List Price: 4200000
List Price: $4,200,000
Status: Active
Listing Contract Date: 2024-04-09
Property Sub Type: Mobile Home Park
Location, Tax, and Legal
Street Number: 950
Street Name: Sidney
Street Suffix: Street
Tax Account: 1269810000
Parcel Number: 126981
County: St. Johns
State: FL
Postal Code: 32084
MLS Area Major: 999 - Out of Area
General County Location: Out of Brevard
Tax Annual Amount: 32000
Tax Year: 2023
Tax Legal Description: 6-1 E1/2 HUERTAS GRANT SUB ALL LOT 6 BLK 20 OR5554/404
Zoning Description: Mobile Home(s)
Directions: from I 95, take exit 311 onto SR-207 towards St Augustine Bch, after 4.9 miles, turn left onto S Dixie Hwy. 700 feet turn left onto Columbus, 500 ft, turn right onto Coquina Oak Park
General Property Information
Number Of Units Total: 25
Bathrooms Total: 35
Building Area Total: 90000
Building Area Source: Appraiser
Year Built: 1984
Building Name: Coquina Oak
Lot Size Acres: 2.5
Land Lease YN: No
Association YN: No
Waterfront YN: No
Senior Community YN: No
List Price/SqFt: 46.67
Remarks and Miscellaneous
Public Remarks: Keller Williams Space Coast is proud to present an exceptional investment opportunity in COQUINA OAK Mobile Home Park, located in the historic and picturesque city of Saint Augustine, FL owned by Joe Rud Trucking (JRT). As the oldest city in the USA, Saint Augustine is not only a beacon of history and culture but also a thriving beach town renowned for its Old Fort, vibrant restaurants, artisan distilleries, and proximity to world-class golfing facilities, including the World Golf Hall of Fame and the prestigious Ponte Vidra, home of the PGA. This memorandum outlines the property overview, operational excellence, strategic expansion plan, and the valuation and investment projection that underscore the attractiveness of this investment in a city that attracts millions of tourists annually.
Status Change Information
Major Change Timestamp: 2024-04-16T15:40:56Z
Major Change Type: New Listing
Status Change Timestamp: 2024-04-16
Building Features
% Air Conditioned or Heated: 100
Income and Expenses
Gross Income: 374000
Insurance Expense: 32000
Maintenance Expense: 33600
Net Operating Income: 2944000
Unit 1 Details
Unit ID: 1
Annual Rent: 16800
Unit SqFt: 924
# Units (This Type): 20
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled 2023
Unit 2 Details
Unit ID: 2
Annual Rent: 14400
Unit SqFt: 644
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Unit was remodeled in 2023
Unit 3 Details
Unit ID: 3
Annual Rent: 16800
Unit SqFt: 966
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled 2023
Unit 4 Details
Unit ID: 4
Annual Rent: 1680
Unit SqFt: 966
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit Was remodeled 20223
Unit 5 Details
Unit ID: 5
Annual Rent: 15600
Unit SqFt: 984
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled in 2023
Unit 6 Details
Unit ID: 6
Annual Rent: 16000
Unit SqFt: 966
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled 2023
Unit 7 Details
Unit ID: 7
Annual Rent: 16800
Unit SqFt: 984
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled 2023
Unit 8 Details
Unit ID: 8
Annual Rent: 16800
Unit SqFt: 984
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Unit was remodeled 2023
Property Features
Building Features: Fenced
Ceiling Type: Drywall; Height Varies; Insulated; Wood Panel
Construction Materials: Aluminum Siding; Frame
Cooling: Ceiling Fan(s); Central Air
Current Use: Manufactured Home; Residential
Electric: 100 Amp Service
Existing Lease Type: Gross
Fencing: Back Yard
Flooring: Vinyl
Green Energy Efficient: Appliances; HVAC; Roof; Water Heater
Heating: Electric
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Historic Area; Many Trees; Wooded
Operating Expense Includes: Accounting; Advertising; Insurance; Maintenance; Water/Sewer
Owner Pays: Common Area Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Pest Control; Roof Maintenance; Security; Taxes; Trash Collection
Parking Features: Assigned; Guest
Possession: Close Of Escrow
Road Frontage Type: City Street
Sale Includes: Business with Real Estate
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Private Sewer; Public Sewer
Showing Requirements: Call Listing Agent
Tenant Pays: All Utilities
Utilities: Cable Available
Water Source: Public
County Information 
Listing Office: Keller Williams Space Coast
Last Updated: April - 17 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.