Courtesy of
- Listing Office: DALTON WADE INC
- Status: Active
- MLS ID: MFRU8246435
Description
-
Description:
*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.
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Basics
- Bathrooms Half: 0
- Date added: Added 1 month ago
- Category: Condominium
- Type: Residential
- Bedrooms: 12
- Bathrooms: 12
- Half baths: 0
- Floors: 2
- Area, sq ft: 7840 sq ft
- Lot size, sq ft: 18125 sq ft
- Year built: 1969
- UnitNumber: 1-10
- SubdivisionName: CARIBBEAN APTS CONDO
Location
- CountyOrParish: Pinellas
Property Features
- Interior Features: Window Treatments
- Appliances: Dishwasher, Microwave, Range, Refrigerator
- Flooring: Ceramic Tile
- Laundry Features: Common Area
- Exterior Features: Balcony, Hurricane Shutters, Lighting, Private Mailbox
- Roof: Other
- Water Source: Public
- Sewer: Public Sewer
- Cooling: Central Air
- Heating: Central
Property Details
- Subdivision Name: CARIBBEAN APTS CONDO
- Direction Faces: West
- Construction Materials: Block
Association Information
- Association Fee Includes: None
- Community Features: None
Fees&Taxes
- Tax Year: 2022
- Tax Annual Amount: $10,458
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
- CommunityFeatures: None
- ExteriorFeatures: Balcony, Hurricane Shutters, Lighting, Private Mailbox
- Utilities: Cable Connected, Electricity Connected, Public
- Features:
- Amenities:
