$2,000,000 for Sale
4420 37th street #1-10, st petersburg, FL 33711
| Beds 12 | Baths 12 | 7,840 Sqft | 0.42 Acres |
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Property 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.
General Information
Sale Price: $2,000,000
Price/SqFt: $255
Status: Active
MLS#: U8246435
City: st petersburg
Post Office: st petersburg
County: Pinellas
Subdivision: caribbean apts condo
Acres: 0.42
Lot Dimensions: 145 x 125
Bedrooms:12
Bathrooms:12 (12 full, 0 half)
House Size: 7,840 sq.ft.
Acreage: 0.42 est.
Year Built: 1969
Property Type: Condominium
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Balcony, Hurricane Shutters, Lighting, Private Mailbox
Basement: No
Foundation : Slab
Appliances: Dishwasher, Microwave, Range, Refrigerator
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $10,458
Legal Description: CARIBBEAN APTS CONDO UNIT 1; CARIBBEAN APTS CONDO UNIT 2; CARIBBEAN APTS CONDO UNIT 3; CARIBBEAN APTS CONDO UNIT 4; CARIBBEAN APTS CONDO UNIT 5; CARIBBEAN APTS CONDO UNIT 6; CARIBBEAN APTS CONDO UNIT 7; CARIBBEAN APTS CONDO UNIT 8; CARIBBEAN APTS CONDO UNIT 9; CARIBBEAN APTS CONDO UNIT 10
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Ashley Frazier of DALTON WADE INC, Phone: 888-668-8283
