New Listing - 01/04/2025
966 22nd AVENUE S, St. Petersburg, FL, 33705
40 beds
2008
17,600 sqft
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Inside, Laundry Closet
Units:
20
Subdivision:
LAKEVIEW MANOR
Heating:
Central
Cooling:
Central Air
Lot Size:
200 x 255 + 192 x 45
Acreage:
1.37
Est. Taxes:
$24,882
Construction
Concrete, Stucco
Utilities
BB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Appliances:
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Lease Term Type:
12 Months
MLS #:
TB8334819
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of VINTAGE REAL ESTATE SERVICES Phone: 813-684-0001