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16 Rohde Ave 4 Unit Apartment Building $1,149,000 ($287,250/Unit) 7.37% Cap Rate Saint Augustine, FL 32084
INVESTMENT HIGHLIGHTS
- 2024 Actual Gross Income: $157,568
- 2024 Actual NOI $84,670
- 2024 Actual Cap Rate: 6.57%
- Projected Gross Income: $200,000
- Projected NOI: $109,869
- Projected Cap Rate: 8.52%
EXECUTIVE SUMMARY
PRICE DROP!!! Now offering Buyer Agent Bonus of $10k!!!
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 $$$ starting DAY1! 15 minutes to St Augustine and Vilano beaches, great golf courses and the St Augustine outlet mall. Don't miss this opportunity to own your place that produces great cash for a reliable passive income.
This 5 (easily a 6) bedroom, 4.5 bath GEM is an AMAZING OPPORTUNITY in historic St Augustine to own a SOURCE of STEADY INCOME! The property consists of 4 units with a proven rental income history that the owner is happy. to share with a qualified buyer. One residence is leased annually and the other 3 apartments are Airbnb/ VRBO rentals. A buyer may choose to live on site and enjoy running this profitable business in America's oldest city or keep it as it is currently a full rental property. One can walk to fine dining, shopping, boating, attractions and festivals (just a few blocks from the fairgrounds). You /your guests can enjoy the splendor of St Augustine's famous Nights of Lights from mid-November through late January every year. Seller has reservations from repeat visitors stretching into 2026. Seller happy to work with new owners for a seamless transition so you earn $$$ 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.
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PROPERTY FACTS
| Price | $1,149,000 | Property Subtype | Apartment |
| Price Per Unit | $287,250 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.37% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 7.29 | Building Size | 2,891 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | RMF - Multi Family | ||
| Price | $1,149,000 |
| Price Per Unit | $287,250 |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| Gross Rent Multiplier | 7.29 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 2,891 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | RMF - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (80)
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16 Rohde Ave
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