$2,500,000
Description
EXCELLENT OPPORTUNITY to acquire 10 UNITS in the heart of upscale and in-demand OLD NORTHEAST!! Positioned on an OVER-SIZED CORNER LOT just blocks north of booming Downtown St Petersburg and blocks off Beach Drive and gorgeous waterfront North Shore Park, this property benefits from extreme walkability while surrounded by classic Florida charm. Comprising 8 studios and 2 One-Bedroom apartments - ideal unit sizes for our strong rental market - the property features 11 OFF-STREET PARKING spaces and ON-SITE LAUNDRY, both of which are features that appeal to the target market for tenancy. Benefiting from FURNISHED UNITS and previous transient licensing that may allow for a return to short term rentals use, this property has a variety of potential opportunities built-in - a rarity for Old Northeast. With NO FLOOD ZONE, largely updated units separately metered for electric, a fresh paint job and a solid roof with no storm damage, this property is a Turn-Key investment in a HIGH-DEMAND location ideal for any Investor on the spectrum, from new to experienced, and may have significant REDEVELOPMENT POTENTIAL to others thanks to possible density grandfathering; clearly a rare opportunity in a top-tier location just steps away from the ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS of ST PETE! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.
Listed by Adam Yore, .
Property Highlights
- Property Type: Multi Family
- MLS #: TB8343555
Room Information
| Flooring | Ceramic Tile, Terrazzo |
| Laundry | Common Area, Laundry Room |
Property Features
| Appliances | Dryer, Range, Refrigerator, Washer |
| Construction Materials | Block |
| Cooling | Wall/Window Unit(s) |
| Exterior Features | Other |
| Has View | Yes |
| Interior Square Footage | 3,450 |
| Lot Size Acres | 0.2 |
| Lot Size Dimension | 70x127 |
| Lot Size Square Feet | 8,830 |
| Other Structures | Other, Shed(s) |
| Roof | Other |
| Sewer | Public Sewer |
| Stories | One |
| Water Source | Public |
| Windows | Blinds |
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