St Petersburg, FL 33710,7027 4TH AVE N
St Petersburg, FL 33710,7027 4TH AVE N
St Petersburg, FL 33710,7027 4TH AVE N
St Petersburg, FL 33710,7027 4TH AVE N
St Petersburg, FL 33710,7027 4TH AVE N
St Petersburg, FL 33710,7027 4TH AVE N
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$1,200,000

$1,400,000

14.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10 Beds

8 Baths

5,408 SqFt


SOLD DATE : 07/27/2023

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,408 sqft

Price per Sqft $221

Subdivision Pasadena Terrace

MLS Listing ID U8196897

Sold Date 07/27/23

Bedrooms 10

HOA Y/N No

Originating Board Stellar MLS

Year Built 1966

Annual Tax Amount $11,098

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 150x127

Property Description

This amazing 8 unit multifamily opportunity is located only a short walk from Central Avenue, giving tenants access to retail, restaurants and nightlife such as Dead Bob’s, The Blend, Starbucks, Earth Origins Market, Jane’s Nursery, and more. It is also less than a ten minute drive to Treasure Island, and a couple blocks from St. Petersburg College’s Gibbs Campus, attracting students, young professionals, and retirees as tenants.

Each unit has been meticulously maintained with renovated kitchens in 6 units, new vanities in all but two bathrooms, central A/C, new ceiling fans and junction boxes, new HVAC in units 3 & 4, and new roofs in 2018 and 2022. With two parking spots per unit and gravel landscaping, Buyers will have minimal exterior maintenance and expenses.

Finally, with mostly moth-to-month leases and below market rents, a Buyer can add value simply by increasing rental rates.

Investment highlights include:
•Turnkey Investment requires minimal monthly maintenance
• Below market rents and mostly month-to-month leases that can be terminated with 30 days’ notice
allows Buyer to add value simply by increasing rental rates
• New roofs in 2018 and 2022
• Flood Zone X
• Large walk-in closets in each unit
• Extremely quiet neighborhood with the Pinellas Trail located within 200 feet of the property
• Renovated kitchens and new vanities in all but two units
• Terrazzo floors under carpet
• Central A/C with new HVAC unit in units 3&4
• New ceiling fans and junction boxes
• Located in Pasadena, one of the most desirable neighborhoods of St. Petersburg, the Property
gives tenants walking access to retail along Central Avenue including The Blend, Dead Bob’s, Earth Origins Market, Starbucks, Jane’s Tropical Nursery & Tropical, Walgreens, and more. The property also sits only a ten minute drive from St. Pete Beach and a few blocks away from St. Petersburg College’s Gibbs Campus, attracting students, young professionals, and retirees alike.

Location

State FL

County Pinellas

Community Pasadena Terrace

Direction N

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Courtyard, Rain Gutters, Sidewalk

Utilities Available Other

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by BRIDGEWATER COMMERCIAL RE
Bought with THE MULTIFAMILY FIRM LLC
agent-avatar

"My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! "

+1(321) 806-9552

barbara.gouldbourn@engelvoelkers.com

101 Canal St, New Smyrna Beach, FL, 32168

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