UPDATED:
11/07/2024 07:41 PM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 7,840 sqft
Price per Sqft $255
Subdivision Caribbean Apts Condo
MLS Listing ID U8246435
Bedrooms 12
Full Baths 12
HOA Y/N No
Originating Board Stellar MLS
Year Built 1969
Annual Tax Amount $10,458
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 145 x 125
Property Description
**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.
Location
State FL
County Pinellas
Community Caribbean Apts Condo
Zoning NSM-1
Direction S
Interior
Interior Features Window Treatments
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Balcony, Hurricane Shutters, Lighting, Private Mailbox
Community Features None
Utilities Available Cable Connected, Electricity Connected, Public
Waterfront false
Roof Type Other
Garage false
Private Pool No
Building
Lot Description Flood Insurance Required, FloodZone, Landscaped, Near Public Transit
Story 2
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
HOA Fee Include None
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
