$2,000,000 ($255.10 per sqft)

Pending

Est. Mortgage $10,245/mo *

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4420 37th STREET S, #1-10, St. Petersburg, FL, 33711

4420 37th STREET S, #1-10, St. Petersburg, FL, 33711
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3 rooms

12 beds

12 Full baths

1969

7,840 sqft

Under contract-accepting backup offers. *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.

Status:

Pending

Type:

Condo

Laundry Remarks:

Common Area

Complex:

CARIBBEAN APTS CONDO

Heating:

Central

Cooling:

Central Air

Levels:

2

Lot Size:

145 x 125

Acreage:

0.42

Est. Taxes:

$10,458

Construction

Block

Utilities

Cable Connected, Electricity Connected, Public

Lot Description:

Flood Insurance Required, FloodZone, Landscaped, Near Public Transit

Days on Market:

149

Elevator:

N

Appliances:

Dishwasher, Microwave, Range, Refrigerator

Min Lease Term:

1 Month

MLS #:

U8246435

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of DALTON WADE INC Phone: 888-668-8283