MultiFamily In St Augustine

[Isaiah Cortez]

Hey BP community!

New investor here. I'm diving into the multi-family real estate game in Florida and could use some guidance.  

I'm looking to make strategic investments in multi-family homes in Florida, particularly in St. Augustine or Vero Beach. My ideal property would be in the range of $500,000, offering 3-4 units to maximize the investment potential. Any tips on the current market and what to watch out for in these areas? 

If any of you have experiences or insights into these regions, I'd love to hear your thoughts.

Please drop a comment below or connect with me. Excited to learn from your experiences!

[Samuel Boyd]

Hey @Isaiah Cortez congrats on this new journey of yours! Very exciting you want to get into the multifamily space. Can't speak to St. Aug but in Central FL (Brevard County+Vero), these are few and far between. There are currently 11 3/4 unit options for sale in Vero and Brevard County ranging from $335,000 - $3.75M. You might be pretty limited with a budget of $500,000. Not to be discouraging because I know they are out there! You might just have to expect some renovation or sacrificing prime location if you want to stick to that budget. Happy to discuss further!