16 Rohde Ave - Apartments FOR SALE


Saint Augustine, FL 32084- Uptown St Augustine
$1,149,000 USD
904-625-2562
16 Rohde Ave, Saint Augustine, FL for Sale
$1,149,000 USD
Apartments - FOR SALE
1/5
null | 7.37% Cap Rate

16 Rohde Ave
Saint Augustine, FL 32084
Uptown St Augustine


HIGHLIGHTS

  • 2024 Actual Gross Income: $157,568
  • Projected Gross Income: $200,000
  • 2024 Actual NOI $84,670
  • Projected NOI: $109,869
  • 2024 Actual Cap Rate: 6.57%
  • Projected Cap Rate: 8.52%

OVERVIEW

Discover a rare opportunity to live in Downtown St. Augustine while your property pays for itself - and then some! Located just minutes from downtown attractions, 16 Rohde Avenue offers the perfect blend of personal residence and income producing investment — ideal for a buyer who wants to live on site and manage a thriving short term rental business. This versatile 5 bedroom (easily a 6th), 4.5 bath property is configured as four separate units (each separately metered for water and electric) and with a strong rental history. Three units operate successfully as Airbnb/VRBO short term rentals, while one is leased annually. A future owner can choose to occupy any of the units and enjoy the financial advantage of having tenants cover the mortgage — with substantial excess income. It's an exceptional chance to build wealth, benefit from real estate tax advantages, and enjoy life in America's oldest city, all at once. Live where others vacation: stroll to fine dining, boutique shopping, boating, festivals, and the famous St. Augustine Nights of Lights. Guests love the location, and the seller already has repeat visitor reservations booked many months in advance, giving the next owner immediate cash flow. The current owner is committed to a smooth transition and is happy to share detailed income records with a qualified buyer's written offer. Step into a turnkey operation and start earning from Day 1 — all while calling one of St. Augustine's most charming neighborhoods home.

FOR SALE DETAILS

PRICE

$1,149,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,250

CAP RATE

7.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMF

APN/PARCEL ID

193250-0000

ASK ABOUT THIS PROPERTY

Sandy FitzburghFIRST COAST PREMIER PROPERTIESMore Info
904-625-2562

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Sandy FitzburghFIRST COAST PREMIER PROPERTIESMore Info
904-625-2562

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.