$2,000,000 for Sale
4420 37th street, st petersburg, FL 33711
| Beds 12 | Baths 12 | 7,840 Sqft | 0.42 Acres |
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1 of 1 |
Property Description
Seller may consider buyer concessions if made in an offer. **NEW ROOF TO BE COMPLETED BY SEPTEMBER 1, 2024** 10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION, just update the Condo Docs. This well-maintained concrete block multifamily has huge upside potential with current rents below market. 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. Month-to-month leases allow the buyer to add value by stabilizing rents or selling individually. Freshly painted exterior. The detached laundry with 4 coin-operated machines provides an additional income stream. Newly resurfaced car parking with 10 tandem spots for tenants and 3 additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage. 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*
General Information
Sale Price: $2,000,000
Price/SqFt: $255
Status: Active
MLS#: U8246435
City: st petersburg
Post Office: st petersburg
County: Pinellas
Subdivision: caribbean apts condo
Acres: 0.42
Lot Dimensions: 145 x 125
Bedrooms:12
Bathrooms:12 (12 full, 0 half)
House Size: 7,840 sq.ft.
Acreage: 0.42 est.
Year Built: 1969
Property Type: Condominium
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Balcony, Hurricane Shutters, Lighting, Private Mailbox
Basement: No
Foundation : Slab
Appliances: Dishwasher, Microwave, Range, Refrigerator
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $10,458
Legal Description: 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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that 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. Listing By: Ashley Frazier of DALTON WADE INC, Phone: 888-668-8283
