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$2,000,000
12
beds
12
baths
7,840
sqft
Real Estate Professional
C.

Description

*NO FLOODING OR DAMAGE FROM HELENE OR MILTON** **NEW ROOF** 10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District in St Petersburg, Florida. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION. This well-maintained concrete block multifamily has huge upside potential with current rents below market. 6 of the 10 units have been updated within the past 2 years. Comprised of (8)1 bedroom/1 bath and (2) 2 bedroom/2 bath units nicely appointed and well maintained. Each unit has a private covered patio space facing westward, perfect for taking in the coastal breeze while watching the sunset over the Pinellas Trail. 6 units are on month-to-month leases. Add value by stabilizing rents or selling individually. Freshly painted exterior. The newly RENOVATED detached laundry provides an additional income stream opportunity. 10 tandem off-street parking spots for tenants and additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage, but verbiage in the lease allows this expense to be passed through to tenants. First-class walkability. The Pinellas Trail runs directly in front of the building. Situated adjacent to multi-million dollar waterfront neighborhoods. Within blocks of area favorites: Starbucks, Tiki Docks, Maximo Marina, and Publix. The Skyway Marina District has been experiencing rapid expansion and change with more development on the way, including a new Sprouts Farmers Market. Easy access to I-275, US19, Eckerd College, DT St Pete, and area beaches. *DO NOT DISTURB TENANTS*DO NOT WALK PROPERTY* Contact Ashley Frazier for Offering Memorandum and Financials.


Listed by Ashley Frazier, .

Property Highlights

  • Heating / Cooling: Central
  • Property Type: Condo/Co-op, Condominium
  • MLS #: U8246435

General Information

Area 33711 - St Pete/Gulfport
Number of Lots 10
Property Subtype Residential
Property Type Condominium
Subdivision Caribbean Apts Condo
Taxes $10,458
Utilities Cable Available, Cable Connected, Electricity Connected

Room Information

Flooring Ceramic Tile
Full Baths 12
Laundry Common Area
Total Baths 12
Total Beds 12

Property Features

Additional Parcels Yes
Appliances Dishwasher, Microwave, Range, Refrigerator
Construction Materials Block
Cooling Central Air
Direction Faces West
Exterior Features Balcony, Lighting
Heating Central
Interior Square Footage 7,840
Lot Size Acres 0.42
Lot Size Dimension 145 x 125
Lot Size Square Feet 18,125
Other Structures Other
Roof Other
Rooms 3
Sewer Public Sewer
Stories One
Water Source Public
$2,000,000
12
beds
12
baths
7,840
sqft
Real Estate Professional
C.
Location
4420 37th Street S #1-10, St Petersburg, FL 33711 Driving Directions
Similar Listings
St. Petersburg Area
Nearby Schools
Listed by Ashley Frazier, Dalton Wade Inc.

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