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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 into 2026, 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 qualified buyers. Step into a turnkey operation and start earning from Day 1, all while calling one of St. Augustine's most charming neighborhoods home.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,149,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $919,200 | $919,200 | $919,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.585% | 5.806% |
| Monthly Tax Payment | $928 | $928 | $928 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,147 | $5,364 | $7,572 |
| Total Monthly Payment | $6,200 | $6,417 | $8,625 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.