4420 37TH ST S, ST PETERSBURG, FL 33711

  • $2,200,000
  • $2,200,000
ST PETERSBURG
For Sale

4420 37TH ST S, ST PETERSBURG, FL 33711

ST PETERSBURG
  • $2,200,000
  • $2,200,000

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. 100% occupied. 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*

  • Address 4420 37TH ST S
  • City ST PETERSBURG
  • State/county FL
  • Zip/Postal Code 33711
  • Area CARIBBEAN APTS CONDO
  • Country United States

Details

Updated on January 14, 2024 at 9:06 am
  • Property ID: HZ4569005
  • Price: $2,200,000
  • Property Size: 7840 Sqft
  • Land Area: 0.42 Acres
  • Year Built: 1969
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 7840
  • MLS#: MFRU8216494
  • Office Name: DALTON WADE INC
  • Agent Name: Ashley Frazier
  • MLS Status: Active
  • Living Area Prefix: Square Feet

Additional details

  • Roof: Other
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Central
  • Tax Annual: 10458
  • Tax Year: 2022
  • Flooring: Ceramic Tile
  • County: Pinellas
  • Property SubType: Multi-Family
  • Parking: Parking Spaces - 13 to 18
  • Water Source: Public

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Dean Shafer
  • Dean Shafer