MLS #U7816450

Multi-Family
  • 16units
$1,799,000
Est. P&I payment: $6870.96/mo
St Petersburg, Florida 33701
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Description for St Petersburg, Florida 33701
Superbly located 16 unit cash-flow investment opportunity with significant value-add / mark-to-market rent execution with future re-development to for-sale luxury condominiums or for-lease luxury apartments. Property is in the heart of the bustling St. Petersburg Downtown district and near a multitude of award-winning restaurants, national & local retailers, art galleries, and world-class museums. PROPERTY FEATURES Walking distance to downtown district restaurants, museums, shops, waterfront along Tampa Bay and event areas including 4th Street, Beach Drive, Central Avenue, and the St. Petersburg Yacht Club. Employment demand drivers within 1 mile include Johns Hopkins All Children's Hospital, St. Anthony's Hospital, Bayfront Medical Center, and USF St. Pete campus. 1 Bedroom Rents across the street at recently completed Beacon 430 are nearly double current rents at subject property. Proforma Year 1 cap rate of 5.9%, Proforma Year 2 cap rate of 7.7%. Ample street parking for residents and their guests.
MLS #U7816450
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My Notes for MLS #U7816450

General Features

  • Property Type: Income
  • Property Style: Five or More
  • Lot Num: 14
  • Special Listing Type: Not Applicable
  • Special Sale Provision: None
  • Year Built: 1910
  • Total Num Buildings: 2
  • Total Units: 16

Exterior Features

  • Exterior Construction: Block,​Siding,​Stucco
  • Exterior Features: Balcony/Sun Deck
  • Roof: Shingle
  • Total Acreage: Up to 10,​889 Sq. Ft.
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6,917
  • Lot Dimensions: 50 X 140
  • Garage Carport: None
  • Garage Features: None
  • Pool: None
  • Sidewalk YN: 1

Interior Features

  • Floor Covering: Wood
  • Sq Ft Heated: 8,409
  • Square Foot Source: Public Records
  • Num 1 Bed 1 Bath: 16

Utility Features

  • Utilities: Public Utilities
  • Air Conditioning: Wall Units/Window
  • Heating and Fuel: Wall Units / Window Unit

Financial Features

  • Taxes: 8,437
  • Tax Year: 2016
  • Annual Net Income: 89,151

Community Features

  • County: Pinellas
  • Township: 31
  • Location: Close to Bus Line,​In City Limits,​Sidewalk
  • Housing For Older Persons: N/A

Miscellaneous Features

  • Legal Description: REV MAP OF ST PETERSBURG BLK 61,​ N 50FT OF LOTS 15 AND 16 & N 50FT OF E 40FT OF LOT 14
  • Block Parcel: 61
  • Parcel Number: 19-31-17-74466-061-0152
  • Plat Book Page: H1-49
  • Flood Zone Code: x
  • Range: 17
  • Zoning: APT

Location

 
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The listing information for St Petersburg, Florida 33701 was graciously provided by our friends at the listing brokerage, Keller Williams Gulfside Rlty

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P&I Payment $6870.96
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Realty Professionals of Florida's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Realty Professionals of Florida, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing data provided by MFRMLS (My Florida Regional MLS)
Last Updated 07/22/2017 at 8:22pm
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