This property is Off-Market

435 - 465 39th Ave. N.
Saint Petersburg, FL 33703 ·

13 Units · Multifamily For Sale

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Northeast Park - 13 units on .5 acre

Price N/A Commission Split 2%
No. Units 13 Cap Rate 9.73%
Building Size 7,815 SF Gross Rent Multiplier 6.64
Property Type Multifamily Occupancy 100%
Property Sub-type Garden/Low-Rise Year Built 1965
Property Use Type Investment Lot Size 0.50 AC
Listing ID: 16887949 Date Created: 10/27/2010 Last Updated: 11/23/2011

Description

"Assumable finanancing", Turn-key operating 13 units, consisting of: 1 single family w/detached garage, 3-units w/garage & laundry room, 5-units & 4-units all on 4 city lots (approx. 1/2 acre). Zoning is grandfathered for future development of 13 units, maximum 3 stories (32') construction. Easy to operate, managed by owner, many long term tenants.

Great convenient location, Northeast Shopping Center (38th Ave N & 4th St N) close to everything! Walking distance to Arby's, Burger King, McDonald's, Publix, Walgreen's, CVS, Fresh Market, Hooters, Gold's Gym, most major banks, popular restaurants & busline. Minutes to Downtown, Tampa Bay waterfront, I-275 & Gandy Blvd to Tampa.

Highlights

  • Great area, close to everything! - Shopping, dining, banking, entertainment, recreation
  • 5 minute drive to downtown, 15 minutes to Tampa via I-275 or Gandy Blvd, 20 minutes to Sarasota
  • Many long term tenants
  • Easy to operate w/ good cash flow - Possible owner occupied investment!
  • Assumable bank financing (2.63%) to qualified buyer w/ 1% fee.
  • Additional Bonus! - Redevelopement opportunity w/ no impact fees

Research

435 - 465 39th Ave. N., Saint Petersburg, FL 33703 (Pinellas County)

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