The Palms at Vilano Beach Apartments
160 Vilano Road, St. Augustine, Fl 32084
Eight unit apartment property on Vilano Road. Perfect buy and hold scenario. Operate as an income-producing multifamily asset during the holding period with optional future revelopment with a three-story, mixed use building. The property includes seven studio units plus one, two bedroom/one bathroom apartment with ample off-street parking. The current trend in Vilano Beach has been to rehabilitate existing properties. Following the trend, two of the subject eight units have been renovated and a third renovation is planned. Seller is actively pursuing enhancement of the investment value of this property with branding, quality tenants, new leases and a professional leasing agent. Since the property has not been completely renovated there is still plenty of room to add value. Vilano Beach is a designated Mainstreet community. Business and resident members are well organized and actively working toward the successful revitalization of Vilano Beach. Click the North Shores News link at right and learn more!!