This Multifamily Property is Off-Market.

4729 39th Avenue North
Saint Petersburg, FL 33714 ·

18 Units · Multifamily For Sale

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Queen Anne Apartments

Price N/A Property Use Type Investment
No. Units 18 Distressed Yes
Building Size 14,370 SF Cap Rate 8%
Property Type Multifamily Year Built 1972
Property Sub-type Garden/Low-Rise Lot Size 0.62 SF
Listing ID: 17282660 Date Created: 08/09/2011 Last Updated: 09/19/2011

Description

The CB Richard Ellis Tampa Multi-Housing Group is pleased to present this exclusive bank owned multi-family property located at 4729 39th Avenue North in St. Petersburg, FL. Queen Anne Apartments is an 18 unit apartment community situated in Disston Heights, a quiet residential neighborhood east of I-275 between downtown St. Petersburg and the beautiful Gulf beaches. The property is currently being managed by a bank appointed property management company. Potential Investors have the opportunity to acquire a well located apartment community in great condition.

The property, built in 1972, consists of 12 2BD/1BA units and 6 1BD/1BA units. Units are housed in a two-story concrete block building comprised of 11,840 sf on a 0.41 acre lot. Residents have ample parking behind the building, as well as three convenient ingress/egress points from both 39th Avenue North and 40th Avenue North. All units have central heat and air conditioning, carpet, and are individually metered for electric, cable, and phone service. There is a small on-site laundry room for use by the tenants. The property is well-maintained and features mature landscaping and a central courtyard, giving it a true

Queen Anne Apartments is located at 4729 39th Avenue North in the Disston Heights neighborhood of St. Petersburg, FL. The property is a half mile east of US 19 along a quiet residential street just off the intersection of 49th Street and 38th Avenue North. Residents are conveniently located near retail centers, schools, restaurants, and employment centers. On a regional level, the property is a short 10 minute drive from both the beautiful Gulf beaches and downtown St. Petersburg.

Highlights

  • Concrete Block Construction
  • Mature Landscaping
  • Excellent Location in St. Petersburg
  • On-Site Laundry
  • Ideal Unit Mix
  • Strong Submarket

Research

4729 39th Avenue North, Saint Petersburg, FL 33714 (Pinellas County)

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