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*
Property Details
Price:
$2,000,000
MLS #:
U8223142
Status:
Active
Beds:
12
Baths:
12
Address:
4420 37TH STREET S
Type:
Multi Family
Subdivision:
CARIBBEAN APTS CONDO
City:
ST PETERSBURG
Listed Date:
Dec 5, 2023
State:
FL
Finished Sq Ft:
7,840
ZIP:
33711
Lot Size:
18,125 sqft / 0.42 acres (approx)
Year Built:
1969
Units:
10
Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central
Exterior
Construction Materials
Block
Exterior Features
Balcony
Other Structures
Other
Roof
Other
Financial
Buyer Agent Compensation
2%-$295%
Tax Year
2022
Taxes
$10,458
Map
Community
- Address4420 37TH STREET S ST PETERSBURG FL
- CityST PETERSBURG
- CountyPinellas
- Zip Code33711
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Courtesy of DALTON WADE INC. 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 2024. Stellar MLS. All rights reserved.
4420 37TH STREET S
ST PETERSBURG, FL
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