Osprey Circle

Osprey Circle, St. Augustine, FL 32086

  • For Sale $2,500,000
  • Property Type Multi-Family
  • Property Size 6,480 SF
  • Units 12
  • Lot Size 1.2 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Year Renovated 2023
  • Date Updated Apr 27, 2024
Heading East on S Winterhawk Dr, turn North onto Osprey Circle, the property will be on the rightOsprey Circle Portfolio is a 12-unit multifamily property located in St. Augustine, FL near Jacksonville, FL. They consist of three adjacent single-story quads. All units have identical one-bedroom floor plans and individual washer/dryer connections. These units have been well-maintained and have all been upgraded as recent as 2023. This presents the opportunity for an investor to capitalize on a portfolio that requires minimal property improvements, management efficiencies, and/or increasing the quality of tenants. capturing significant rental upside in a submarket with average asking rents of $1,780 (CoStar – Oct. 2023). The properties are conveniently located 14 minutes from St. Augustine's historic downtown and entertainment district (7.5 miles). It is also 16 minutes away from St. Augustine Beach (9.4 miles) and 33 minutes from the Nocatee master-planned community, which is ranked as the No. 1 place to raise a family in Florida by Niche.com. Major nearby retailers include Publix Supermarket (1.4 miles), CVS Pharmacy (2.6 miles), Home Depot (5.5 miles), Walmart Supercenter (4.4 miles), and Starbucks (5.8 miles). Osprey Circle Portfolio represents an attractive investment opportunity in a prime location with strong demographics, proximity to key economic drivers, and convenient access to retail and shopping options.

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Highlights

  • Osprey Circle Portfolio is comprised of 12 renovated one bed/one bath units in three quad buildings.
  • Nine of the twelve AC units are 2020 or NEWER.
  • Age of the roofs are 2012, 2015, & 2017.
  • Electrical Panels are 2000, 2022, 2022.
  • All units fully rented with rents of $1,100 - $1,550. Average rent $1,312.50/unit, with the opportunity for upside
  • Seller is willing to help carry $350,000 of the $750,000 (30%) DP at an 8% interest rate, 5-year term and balloon due in 5 years, with 2nd lien position and personal guarantee (pending upon credit approval).

Contacts

broker

Marcos Peres

eXp Commercial

(407) 913-1199

Location

Getting Around

  • Walk Score ®

    3/100 Car-Dependent

  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City St. Augustine, FL
  • Neighborhood Wildwood Creek
  • Zip Code 32086
  • Market Jacksonville

Points of Interest

  • RaceTrac

    1.70 miles

  • BP

    1.92 miles

  • Mobil

    2.30 miles

  • Speedway

    2.72 miles

  • BP

    2.80 miles

  • Circle K

    3.51 miles

  • Citgo

    4.45 miles

  • Gate

    4.55 miles

  • Valero

    4.55 miles

  • Mobil

    4.62 miles

  • Mango Mango's

    5.14 miles

  • Public Parking

    5.14 miles

  • Oldest House Parking Lot

    5.38 miles

  • Flagler College Parking Garage

    5.42 miles

  • Public Parking

    5.62 miles

  • NPS Lot 1

    5.84 miles

  • NPS Lot 5

    5.86 miles

  • Historic Downtown Parking Facility

    5.91 miles

  • Mission of Nombre de Dios Parking

    6.32 miles

  • Lot 8

    6.48 miles

  • Quality Inn Elkton - Saint Augustine South

    2.10 miles

  • America's Best Value Inn Ocean Inn

    4.54 miles

  • Ocean Reef

    4.73 miles

  • Quality Inn & Suites

    4.77 miles

  • Saint Augustine Island Inn & Suites

    4.83 miles

  • Sea Place

    4.92 miles

  • Holiday Isle Beachfront Resort

    5.03 miles

  • La Fiesta Ocean Inn & Suites

    5.04 miles

  • TRYP by Wyndham Sebastian Saint Augustine

    5.15 miles

  • Courtyard by Marriott Saint Augustine Beach

    5.20 miles

  • Subway

    1.91 miles

  • Dunkin' Donuts

    1.98 miles

  • Burger King

    1.98 miles

  • Krystal

    2.86 miles

  • McDonald's

    2.88 miles

  • Ned's Southside Kitchen

    2.88 miles

  • Bono's Pit BBQ

    2.93 miles

  • De Leon Pizza

    3.09 miles

  • Ichiban Buffet

    3.20 miles

  • McDonald's

    3.25 miles

  • Otis A Mason Elementary School

    1.81 miles

  • Gamble Rodgers Middle School

    3.62 miles

  • Fullerwood Elementary School

    4.96 miles

  • Saint Paul School of Excellence

    5.18 miles

  • The Webster School

    5.21 miles

  • R.J. Murray Middle School

    5.24 miles

  • Saint Augustine Surf School

    5.29 miles

  • Flagler College

    5.39 miles

  • Flagler College

    5.40 miles

  • Cathedral Parish School

    5.41 miles

  • Turtle Tots Academy

    3.95 miles

  • La Petite Academy of Saint Augustine

    3.98 miles

  • Kingdom Kids Christian Childcare

    4.19 miles

  • Lead the Way Day Care Center

    5.30 miles

  • Little Darlings Childcare

    5.35 miles

  • Trinity Episcopal Learning Center

    5.55 miles

  • Brandt's Childcare

    6.11 miles

  • Saint Augustine Public Montessori

    6.47 miles

  • Grandma's Daycare

    6.89 miles

  • Brighton Day Academy

    7.11 miles

Frequently Asked Questions

What is the lease rate for Osprey Circle?

Rental asking rate at Osprey Circle is $1,250,000.00/YR.

What is the total square footage of Osprey Circle?

Osprey Circle totals 6,480 square feet.

When was this property built?

Osprey Circle was built in 1984.

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Contact Listing Broker

broker

Marcos Peres

eXp Commercial

(407) 913-1199