Historical Multifamily Sale Listing - Northeast Park - 13 units on .5 acre

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Northeast Park - 13 units on .5 acre

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

N/A

13 Units | Multifamily

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front view from 39th Ave. N.

Multifamily Property - Off Market

Price:
N/A
No. Units:
13
Building Size:
7,815 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9.73%
Gross Rent Multiplier:
6.64
Occupancy:
100%
Year Built:
1965
Lot Size:
0.50 AC
Listing ID
16887949
Last Updated
over 1 year ago

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

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.

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

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Created 10/27/2010