$3,100,000
Active · 264 days on market · MLS# MFRTB8429450
| Bedrooms | 23 |
|---|---|
| Living area | 70,480 sq ft |
| Lot size | 1.62 acres |
| Year built | 1977 |
| Property type | Multi-Family 5+ |
| Private pool | Yes |
| Waterfront | Yes |
| County | Pinellas |
Value add portfolio of 18 Units in Downtown St Petersburg including 6 houes, 1 quads, 4 duplexes. 100% occupied with high rents with annual gross of $323,604.Also included in the sale would the lots located between units 610 14th Street and 544 14th St N where you can build additional units. Fantastic location located right next to Baycare's St Anthonys hospital. Property stays consistently occupied due to it's downtown location and proximity to the hospital. Perfect investment to do improvements and increase rents. Rents are 15-20% below market with 60 day termination clauses. Currently going through zoning change to allow more density.
Listing courtesy of David Weylie, ELITE TAMPA BAY REALTY LLC. Presented by MC Homes Realty Inc · 727432218.