Overview

  • Property ID
  • 37188
  • Updated On:
  • May 8, 2024
  • 12 Bedrooms
  • 12 Bathrooms
  • 7,840 ft2

Description

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*

Other Features
Balcony
Dishwasher
Has Cooling System
Has Heating System
Microwave
Other
Refrigerator
Address: 4420 37TH STREET S
State/County:
Zip: 33711
Country: United States
Open In Google Maps
Property Id : 37188
Price: $ 2,000,000
Property Size: 7,840 ft2
Property Lot Size: 0 ft2
Bedrooms: 12
Bathrooms: 12
$ 10,254.40
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,754.40

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