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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
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