St Petersburg, FL 33711,4420 37TH ST S #1-10
St Petersburg, FL 33711,4420 37TH ST S #1-10
St Petersburg, FL 33711,4420 37TH ST S #1-10
St Petersburg, FL 33711,4420 37TH ST S #1-10
St Petersburg, FL 33711,4420 37TH ST S #1-10
St Petersburg, FL 33711,4420 37TH ST S #1-10
Chad A. Vaughan
Chad A. Vaughan

Realtor | SL3426589

+1(561) 635-7174

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$ 1,790,000

$ 2,000,000 10.5%

Est. payment | /mo

12 Beds

12 Baths

7,840 SqFt


$ 1,790,000

$ 2,000,000 10.5%

Est. payment | /mo

12 Beds

12 Baths

7,840 SqFt

Key Details

Sold Price $1,790,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 7,840 sqft

Price per Sqft $228

Subdivision Caribbean Apts Condo

MLS Listing ID U8246435

Sold Date 12/24/24

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

*NO FLOODING OR DAMAGE FROM HELENE OR MILTON**

**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

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

Stellar MLS
Listed by DALTON WADE INC
Bought with SERHANT

GET MORE INFORMATION

Chad A. Vaughan

Realtor | SL3426589

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Phone*
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4420 37TH ST S #1-10