874 W 12TH Street
About This Property
Built in 1987 and offering 1,560 square feet of living space, this 4-bedroom, 2.5-bath home features a spacious layout with room to reimagine and redesign. As you walk through the property, you'll notice the generous living areas, a functional floor plan, and the kind of space that allows for creative upgrades and customization. Each bedroom offers flexibility, while the additional half bath adds convenience to the overall design. Home sold as is. This home is being sold as-is and does require repairs, giving you full control to renovate and bring your vision to life. Whether you're looking to refresh the interiors, modernize key systems, or enhance curb appeal, the upside is clear for those ready to unlock its potential. The Clarks neighborhood is a well-established area known for its affordability and long-standing community feel, with a mix of homes and easy access to daily essentials. Located just minutes from downtown St. Augustine, you're close to historic landmarks, shopping, dining, and the vibrant coastal lifestyle that makes this city so unique. The area is also known for its walkability and access to major roads, making it easy to navigate and enjoy everything nearby.
St. Augustine itself is rich in history and charm, offering a blend of old-world character, beautiful beaches, and modern conveniences. From waterfront views to cultural attractions, this location continues to attract attention year-round.
If you're looking for a property with strong potential in a prime location, this is an opportunity worth exploring. Bring your vision, execute your plan, and transform this property into something truly special.
The information provided in this listing is the best of the seller's/ Listing agent knowledge and cannot be exclusively relied on by buyer. Buyer must independently verify all information pertaining to the property.
"Seller never occupied. Neither the seller or listing agent make any representations as to the accuracy of any information contained herein. Buyer/buyer agent must conduct their own due diligence, verifications, research and inspections and are relying solely on the results thereof."
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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.
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017