5 Riberia Street, St. Augustine, FL 32084

Property Description

Discover a rare investment opportunity in the heart of historic St. Augustine! This updated and remodeled duplex is ideally situated on a corner lot just minutes from the city's renowned historic attractions, dining, shopping, entertainment, and vibrant downtown district. Each thoughtfully designed unit features 1 bedroom, 1 bathroom, a full kitchen, and its own private laundry, offering comfortable and functional accommodations for short-term guests. The lower-level unit showcases classic hardwood flooring and a welcoming layout, while the second-floor unit enjoys a separate entrance, a covered front balcony, and a spacious rear deck--providing desirable outdoor spaces for guests to relax and enjoy the St. Augustine lifestyle. Both units have been updated and maintained to support the property's established rental appeal. This duplex has grossed approximately $100,000 annually for the past 10 years, demonstrating a strong history of short-term rental performance. Its exceptional location allows guests to easily explore the best of the Nation's Oldest City, while convenient access to US-1 makes traveling throughout St. Augustine and beyond a breeze. Whether you're looking to expand your investment portfolio, establish a proven income-producing property, or own a piece of historic St. Augustine with strong rental potential, this downtown duplex offers an exceptional combination of location, flexibility, and established income history.