tomo logo

$2,000,000

Beds
12
Baths
12.0
sq ft
7,840

4420 37th St S Unit 1, Saint Petersburg, FL 33711

4420 37th St S Unit 1

ST PETERSBURG, FL 33711

  • 155 days on market
*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.

Details

Property type

Condominium

Lot size

0.42 acres

Price per sq ft

$256

Year built

1969

Annual property taxes

$10,458

HOA

No

Price History

08/16/2024
StellarMLS

StellarMLS #U8246435

Listed
$2,000,000
08/02/2024
StellarMLS

StellarMLS #U8246435

Pending
$2,000,000
06/21/2024
StellarMLS

StellarMLS #U8246435

Listed
$2,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

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Status: Active

Tomo last checked: 11/22/2024 at 8:10 PM

Listing updated: 11/07/2024 at 10:42 AM

Listed by: Ashley Frazier, DALTON WADE INC Phone #: (888) 668-8283

MLS: StellarMLS #U8246435

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