Residential Property - Condominium in St Petersburg
Listing Price: $2,000,000
Description of Property
*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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: St Petersburg
County: Pinellas
Subdivision: Caribbean Apts Condo
Bedrooms: 12
Bathrooms: 12
Sq. Ft. Gross: 7,840
Sq. Ft. Living Area: 7,840
Cost per (heated) sqare foot: $255
Year built: 1969
Annual Tax: $10,458
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- None
Appliances:
- Dishwasher
- Microwave
- Range
- Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Ceramic Tile
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block
Foundation: Slab
Roof: Other
- Balcony
- Hurricane Shutters
- Lighting
- Private Mailbox
Parking Features:
Floors Total: 2
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures: Other
View:
Fencing:
Utilities:
- Cable Connected
- Electricity Connected
- Public
Sewer: Public Sewer
Water Source: Public
Community Features: None
Association Amenities:
Lot Information
Lot Features:
- Flood Insurance Required
- Flood Zone
- Landscaped
- Near Public Transit
Lot Size (acres): 0.42
Lot Size (sq. ft.): 18,125 square feet
Lot Dimensions: 145 x 125
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Additional Parcels: Yes
Additional Parcels Description: 03-32-16-13459-000-0020;03-32-16-13459-000-0030; 03-32-16-13459-000-0040;03-32-16-13459-000-0050;03-32-16-13459-000-0060;03-32-16-13459-000-0070;03-32-16-13459-000-0080;03-32-16-13459-000-0090;03-32-16-13459-000-0100; 03-32-16-13459-000-0001
Legal Description & Other Information
Financing Available: Cash, Conventional, Other
Parcel Number: 033216134590000010
Zoning: NSM-1
Tax Legal Desc.: 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
Disclosures: Lead Paint
Section: 3
Range: 16
Listing courtesy of DALTON WADE INC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
