64 PALMER Street
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%.
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 |
|---|---|---|---|
| Aug 21, 2023 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $535,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
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Welcome to this exceptional income-producing triplex, a prime investment opportunity nestled on a corner lot that perfectly marries convenience, comfort, and community. This property presents three distinct units, each exuding its own unique charm while collectively providing a harmonious living experience. Unit A features a spacious and inviting 2BR/1BA haven designed for both relaxation and functionality and offers a front entrance. With thoughtfully crafted interiors and an abundance of natural light, this unit offers a warm and welcoming atmosphere that is ideal for tenants seeking comfort and convenience. Unit B is a 2BR/1BA just off the communal space and offers a front entrance as well. This unit offers the perfect canvas for tenants to make themselves at home in a bright and appealing setting. Unit C is distinguished by its added convenience of 3 bedrooms and 2 bathrooms and showcases a thoughtful layout that caters to a slightly different lifestyle with access from the back of the home. The extra bathroom enhances the overall comfort, making this unit particularly appealing to those who value extra space for themselves and their guests. A unique feature of this triplex is the shared common area, a space designed to foster a sense of community among residents. Equipped with a convenient laundry facility and stove, this common space promotes interaction and connectivity while providing essential amenities to all tenants. Situated on a generous corner lot, this property offers a sense of openness and privacy, creating an inviting environment for tenants. The abundance of parking space further enhances the property's convenience and accessibility, ensuring residents have a hassle-free experience coming and going. With three income-generating units, this triplex presents an excellent investment opportunity for those looking to capitalize on the rental market. Its strategic location, well-designed units, and shared amenities make it an attractive choice for both tenants and investors alike. Located in the heart of St. Augustine, you are just a bike ride from Historic Downtown and a short drive to St. Augustine's pristine beaches. Welcome!
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| Sep 23, 2013 | Sold | ||
| Sold | |||
| Aug 14, 2013 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $69,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017