Pending
bedrooms
12
bathrooms
12
square feet
7,840
Acreage
0.42
Open Houses
-
year built
1969
Full Baths
12
Half Baths
0
Under contract-accepting backup offers. *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.
Location | |
Subdivision | CARIBBEAN APTS CONDO |
County | Pinellas |
Elementary School | - |
Middle School | - |
High School | - |
Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: U8246435
Listing agent:
Ashley Frazier
#3442859
Listing broker:
Dalton Wade, Inc.
(727) 888-4175
Copyright © 2024 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, December 12 2024 at 8:19 p.m. EST
Kotohomes National