$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 #U8246435
Listed
$2,000,000
08/02/2024
StellarMLS #U8246435
Pending
$2,000,000
06/21/2024
StellarMLS #U8246435
Listed
$2,000,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: None
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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