50 MAGNOLIA Drive #A
About This Property
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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%.
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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 |
|---|---|---|---|
| Mar 15, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 19, 2024 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $1,200,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| | |||
|
Investors Dream!! This high & dry (no flooding), completely remodeled island triplex/multi-family property is a perfect income property or live in one and have the other 2 pay the mortgage. The duplex: both are 1 bed/1 bath mirror units at roughly 570 sq ft ea. with a small storage room with laundry capabilities. The Single family 2 Bed/1 Bath unit is above a huge garage/shop. (Possible 4th unit)? New roof, pavers, A/C, New insulation/spray foam, Electrical, plumbing, Whole house Aquasana water filtration system and so much more. All units can be long-term or short-term rentals. Separate power & water as well as 2 septic tanks. Lighthouse Park is a VERY desirable neighborhood. It's the perfect location for all the things St Augustine. Walking distance to tons of restaurants, bars, downtown, Anastasia State Park, the beach, AND the Amphitheatre.
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| Jun 15, 2023 | Sold | ||
| Sold | |||
| Feb 3, 2023 | Listed by CENTURY 21 ST AUGUSTINE PROPERTIES | $779,900 | |
| Listed by CENTURY 21 ST AUGUSTINE PROPERTIES | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/19/2024
|
4 Bed
|
3 Bath
|
1990 ft²
|
$1,200,000
4 Bed
3 Bath
1990 ft²
|
-
-
|
HEATHER TATE
KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
| |
|
02/03/2023
|
4 Bed
|
3 Bath
|
1992 ft²
|
$779,900
4 Bed
3 Bath
1992 ft²
|
$717,500
-8.00%
06/15/2023
|
TANYA LIEBAL
CENTURY 21 ST AUGUSTINE PROPERTIES
| |
|
01/31/2023
| |
Studio
|
-
|
-
|
$849,000
Studio
-
|
-
-
|
TANYA LIEBAL
CENTURY 21 ST AUGUSTINE PROPERTIES
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017