16 Rohde Ave - Apartments FOR SALE


Saint Augustine, FL 32084- Uptown St Augustine
$1,189,000 USD
904-625-2562
16 Rohde Ave, Saint Augustine, FL for Sale
$1,189,000 USD
Apartments - FOR SALE
1/5
null | 7.12% 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

$100,000 PRICE DROP!!! Price to Sell AS-IS. This 5 (easily a 6) bedroom, 4.5 bath GEM is an AMAZING OPPORTUNITY in historic St Augustine to own a SOURCE of STEADY INCOME! The property consists of 4 units with a proven rental income history that the owner is happy. to share with a qualified buyer. One residence is leased annually and the other 3 apartments are Airbnb/ VRBO rentals. A buyer may choose to live on site and enjoy running this profitable business in America's oldest city or keep it as it is currently a full rental property. One can walk to fine dining, shopping, boating, attractions and festivals (just a few blocks from the fairgrounds). You /your guests can enjoy the splendor of St Augustine's famous Nights of Lights from mid-November through late January every year. Seller has reservations from repeat visitors stretching into 2026. Seller happy to work with new owners for a seamless transition so you earn $$$ starting DAY1! 15 minutes to St Augustine and Vilano beaches, great golf courses and the St Augustine outlet mall. Don't miss this opportunity to own your place that produces great cash for a reliable passive income.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

4

PRICE/UNIT

$297,250

CAP RATE

7.12%

% 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 Policy.