16 Rohde Ave 4 Unit Apartment Building $1,149,000 ($287,250/Unit) 7.37% Cap Rate Saint Augustine, FL 32084

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.