Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
• 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
• Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
• Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential.
• Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time.
• Flood Zone X: Located in a low-risk flood zone for added peace of mind.
• Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
Call for details.
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
• 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
• Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
• Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential.
• Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time.
• Flood Zone X: Located in a low-risk flood zone for added peace of mind.
• Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
Call for details.
Property Details
Price:
$3,700,000
MLS #:
TB8334819
Status:
Active
Beds:
40
Baths:
40
Address:
966 22ND AVENUE S
Type:
Multi Family
Subdivision:
LAKEVIEW MANOR
Neighborhood:
33705 – St Pete
City:
SAINT PETERSBURG
Listed Date:
Jan 4, 2025
State:
FL
Finished Sq Ft:
17,600
ZIP:
33705
Lot Size:
59,775 sqft / 1.37 acres (approx)
Year Built:
2008
Units:
20
Schools
Interior
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central
Laundry Features
Inside, Laundry Closet
Exterior
Construction Materials
Concrete, Stucco
Exterior Features
Fenced, Private Mailbox, Sidewalk
Roof
Shingle
Financial
Tax Year
2024
Taxes
$24,882
Map
Community
- Address966 22ND AVENUE S SAINT PETERSBURG FL
- SubdivisionLAKEVIEW MANOR
- CitySAINT PETERSBURG
- CountyPinellas
- Zip Code33705
Similar Listings Nearby
- 1750 2ND AVENUE N
ST PETERSBURG, FL$2,800,000
1.79 miles away
Courtesy of VINTAGE REAL ESTATE SERVICES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 966 22ND AVENUE S
SAINT PETERSBURG, FL
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