Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants.

Currently a 7 Cap. If managed well, at current pace then one should be
able to project 3-4% yearly increase in revenue and long-term leases are positioned as such. Short-term rental option for one of three units.

Three addresses:
550 MARKET ST – 1070sqft Office
554 MARKET ST – 2350sqft Townhome
359 MIDWAY ST – 550sqft Apartment