Property Attributes
- MLS#U8223142
- TypeIncome
- CountyPINELLAS
- CityST PETERSBURG
- AreaSt Pete-Gulfport
- NeighborhoodCaribbean Apts Condo
- Zip33711
- StyleMulti Family
- Year Built1969
- Taxes$ 10458
- Price$ 2,000,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage7840
- Lot Size0.42 Acres
Data Source:
Stellar MLS
Property 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*
Price History | |
---|---|
12/5/2023 | Listed $2,200,000 |
4/4/2024 | 10% - $2,000,000 |
General Features
Interior Features | Other |
---|---|
Sewer | Public Sewer |
Heating | Central |
Cooling | Central Air |
Utilities | Cable Connected,Electricity Connected,Public |
Roof | Other |
Appliances | Dishwasher,Microwave,Refrigerator |
Exterior Features | Balcony |
Zoning | NSM-1 |
Construction Materials | Block |
Year Built | 1969 |
Property SubType | Multi Family |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Gross Income | 206424 |
Additional Parcels Description | 03-32-16-13459-000-0010; 03-32-16-13459-000-0020; 03-32-16-13459-00 |
County | Pinellas |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | CARIBBEAN APTS CONDO |
Garage Y/N | No |
Other Structures | Other |
Status | Active |
Directions | From 34th Street South,head WEST on 46th Avenue South and NORTH on 37th Street South. The building will be on the EAST side of 37th St S. 4420 37th Street S. ***DO NOT DISTURB TENANTS** |
ModificationTimestamp | 2024-04-04T15:23:58.530Z |
City | ST PETERSBURG |
Buyer Agent Compensation | 2%-$295 |
Disclosures | Lead Paint |
Association Name | Condo Docs and Fees Not Currently Enforced |
View Y/N | No |
Senior Community Y/N | No |
NumberOfUnitsTotal | 10 |
MLS Area | 33711 - St Pete/Gulfport |
Lot Size Units | Square Feet |
Lot Size Square Feet | 18125 |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | 37th |
Property Attached Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 10458 |
Additional Parcels Y/N | Yes |
Days on Market | 93 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Tax Lot | 0010 |
Legal Description | CARIBBEAN APTS CONDO UNIT 1; CARIBBEAN APTS CONDO UNIT 2; CARIBBEAN APTS CONDO UNIT 3; CARIBBEAN APTS CONDO UNIT 4; CARIBBEAN APTS CONDO UNIT 5; CARIBBEAN APTS CONDO UNIT 6; CARIBBEAN APTS CONDO UNIT |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | AE |
Interior Features
Flooring | Ceramic Tile |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Total Bedrooms | 12 |
LivingAreaSource | Public Records |
Total Baths | 12 |
Exterior Features
Lot Features | Flood Insurance Required,FloodZone,Landscaped,Near Public Transit |
---|---|
Water Source | Public |
Lot Size Area | 18125 |
Foundation Details | Slab |
Number of Buildings | 1 |
Building Area Total | 7840 |
Lot Dimensions | 145 x 125 |
Street Suffix | STREET |
Lot Size Acres | 0.42 |
Road Surface Type | Asphalt |
Number of Lots | 10 |
Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool