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16 Rohde Ave

4 Unit Apartment Building Offered at £1,065,071 at a 5.26% Net Initial Yield in Saint Augustine, FL 32084

Investment Highlights

  • Gross Income: $178,600
  • After Repair Projected NOI: $109,000
  • After Repair Projected Cap Rate: 8.07%

Executive Summary

This 5 bedroom, 4.5 bath gem is THE BEST opportunity in historic St Augustine to own a cash cow! 4 units with proven rental income generation (1 unit leased annually, 3 through Airbnb & VRBO). Currently non-owner occupied, can easily accommodate owner who would prefer to live on premises and enjoy all that America's oldest city has to offer! Walking distance to finest dining, shopping, boating, attractions and festivals (just a few blocks from the fairgrounds). You and your guests can enjoy the splendor of St Augustine's famous Nights of Lights from mid-November through late January every year. A short drive will bring you to St Augustine and Vilano beaches, great golf and the St Augustine outlet mall. Don't miss this opportunity to enjoy all that St Augustine has to offer and earn a steady stream of reliable income. Owner has reservations from repeat visitors stretching into 2025. Current owner willing to assist in transition so you can start earning income on DAY 1

Attachments

GRM
Seller's Property Disclosure

Property Facts

Price £1,065,071 Apartment Style Single Family Home
Price Per Unit £266,268 Building Class B
Sale Type Investment Lot Size 0.14 AC
Net Initial Yield 5.26% Building Size 3,543 SF
No. Units 4 Number of Floors 2
Property Type Residential Year Built 1910
Price £1,065,071
Price Per Unit £266,268
Sale Type Investment
Net Initial Yield 5.26%
No. Units 4
Property Type Residential
Apartment Style Single Family Home
Building Class B
Lot Size 0.14 AC
Building Size 3,543 SF
Number of Floors 2
Year Built 1910
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
  • Sandy Fitzburgh
    Sandy Fitzburgh
  • FIRST COAST PREMIER PROPERTIES
(904) 625-2562

  • Listing ID: 34048738

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 16 Rohde Ave, Saint Augustine, FL 32084

The Residential Property at 16 Rohde Ave, Saint Augustine, FL 32084 is currently available For Sale. Contact FIRST COAST PREMIER PROPERTIES for more information.

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16 Rohde Ave
(904) 625-2562 x

16 Rohde Ave

Sandy Fitzburgh

(904) 625-2562

(904) 625-2562

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