101 22nd AVENUE, St Pete Beach, FL, 33706 | $1,800,000

Under contract-accepting backup offers. Welcome to "The Spanish Triplex" in the highly sought-after Pass A Grille Beach area, just steps from pristine white sands and the turquoise waters of the Gulf of Mexico. This short-term rental income property (CITY APPROVED FOR NIGHTLY RENTALS) boasts 3 units with decades of excellent rental history of happy clients. Consisting of three separate renovated units, it is an ideal investment opportunity with the possibility to live in one and rent out the others. Inside, you'll find a blend of modern convenience and historic charm.  
Each of the three units comes fully "turn-key" and features a private terrace, BBQ grille, fully renovated kitchen and bathroom, a washer and dryer, living room, and lots of windows for natural light. All 3 have extra sleeping space in the living room for guests. The property has been meticulously updated with hurricane windows and doors, upgraded plumbing and electrical systems, air conditioning, a tankless gas water heater, a new roof in 2023, and much more. The Spanish bungalow has a quaint coastal decor. Its ideal location offers easy access to the beach and is within walking distance to restaurants and boutique shopping. It is just minutes from downtown St. Petersburg with quick access to the interstate and 30 minutes to Tampa International. The separate entrances from the courtyard allow for everyone's privacy. Don't miss this opportunity to own a rare piece of beach history in this charming and vibrant beach town. Schedule a showing today and experience this unique income-producing property's allure and versatility.

Features

  • Units: 3
  • Lot Size: 50 x 56
  • Laundry: In Kitchen, Inside, Laundry Closet
  • Year Built: 1930
  • Garage: Curb Parking
  • Heating: Central, Electric, Other
  • Cooling: Central Air, Wall/Window Unit(s)
  • Approx Sq. Feet: 2,078
  • Acreage: 0.07
  • Lot Size: 50 x 56
  • Est. Taxes: $11,784
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot, Sidewalk
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • MLS#: U8229460
  • Days on Market: 106 days
  • Website: https://www.raveis.com
    /prop/U8229460/10122ndavenue_stpetebeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 7/3/2024 2:32:08 PM)
Listing courtesy of COMPASS FLORIDA LLC   Phone: 727-339-7902

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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101 22nd AVENUE, St Pete Beach, FL, 33706

$1,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,440,000 $1,440,000 $1,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.014% 7.082%
Monthly Tax Payment $982 $982 $982
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,702 $9,460 $12,843
Total Monthly Payment $10,809 $10,567 $13,950

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.