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4420 37th Street S , 1-10

St Petersburg, FL 33711
  • $2,000,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: U8246435
UPDATED: 17 min ago
$2,000,000
  • 12
    BEDS
  • 0.42
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 7,840
    SQFT
  • $255
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1969
County:

School Ratings & Info

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*

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-07-22T15:49:04.917.
www.swflregroup.com/homes/151912817
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4420 37th Street S , 1-10 St Petersburg, FL 33711

  • Price: $2,000,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 17 min ago
  • ID#: U8246435
12
Beds
12
Baths
0
½ Baths
0.42
Acres
7,840
SQFT
$255
$/SQFT
1969
Built
Neighborhood:
Caribbean Apts Condo
County:
Pinellas
Area:
St Pete/Gulfport
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*
Exterior Features

Carport Yn No Construction Materials Block Direction Faces West Exterior Features BalconyHurricane ShuttersLightingPrivate Mailbox Foundation Details Slab Lot Features Flood Insurance RequiredFloodZoneLandscapedNear Public Transit Lot Size Dimensions 145 x 125 Other Structures Other Pool Private Yn No Road Surface Type Asphalt Roof Other Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DishwasherMicrowaveRangeRefrigerator Building Area Total 7840 Building Elevator Yn No Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Ceramic Tile Heating Central Heating YN Yes Interior Features Window Treatments Laundry Features Common Area Levels One Sewer Public Sewer Stories Total 2 Water Source Public

Property Features

Additional Lease Restrictions The City of St Pete restricts rentals under 1 month to less than 3 times per year. Association Fee Includes None Association Montly Maint Amt Add To Hoa 0 Association Yn No Building Name Number CARIBBEAN APARTMENTS Cdd Yn No Community Features None Condo Land Included Yn Yes Down Payment Resource No Flood Zone Code AE Floor Number 1 Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN Yes Listing Terms CashConventionalOther Minimum Lease 1 Month Month To Month Or Weekly Yn No New Construction Yn No Ownership Fee Simple Property Sub Type Condominium Senior Community Yn No Special Listing Conditions None Tax Annual Amount 10458 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedPublic Zoning NSM-1


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of DALTON WADE INC: 888-668-8283.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-07-22T15:49:04.917.
 
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