198 AIKEN Street
About This Property
This 3 bedroom 2 bathroom mobile home sits on a valuable parcel in a well located area close to downtown St Augustine, shopping, dining, and local attractions. The existing mobile home is in rough condition and the value is primarily in the land. Buyer may choose to attempt a full renovation or remove and redevelop the property.
According to available information, impact fees appear to have already been paid. Buyer to verify all zoning, use, utilities, and impact fee status with the county.
This property presents a great opportunity for investors, builders, or buyers looking for a project with multiple exit strategies. Convenient location with easy access to major roads and everyday amenities.
Property is being sold as is with seller making no repairs.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Jan 11, 2026 | In contract | - | |
| In contract | |||
| Dec 30, 2025 | Listed by PURSUIT REAL ESTATE, LLC | $85,000 | |
| Listed by PURSUIT REAL ESTATE, LLC | |||
Property Highlights
Building Info
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017