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1700 22nd St S
Saint Petersburg, FL 33712
22nd Street Suites · Multifamily Property For Sale
·
13 Units
Investment Highlights
- 13-Unit Multifamily Community Located in the “Deuces Rising” District of St. Petersburg, FL
- Value Add Potential to Achieve 8.5%+ Pro Forma Cap Rate
- Shared Amenities Include a Kitchen, 1.5 Baths, and a Coin-Operated Laundry Facility
- Strong 6.9%+ Takeover Cap Rate with Current Income and Adjusted Taxes & Insurance
- 6 Traditional 1- & 2- Bedroom Units; 7 Units are “Pad Sharing”-Style Efficiency Units, Rented by the Bedroom w/ Shared Living & Amenities
Property Facts
| No. Units | 13 | Building Size | 5,424 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.58/1,000 SF |
| Lot Size | 0.27 AC |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.58/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 165 |
| 5+1 | 5 | - | 650 |
| 2+1 | 1 | - | 800 |
Property Taxes
| Parcel Number | 25-31-16-66564-001-0010 | Improvements Assessment | $568,600 |
| Land Assessment | $126,400 | Total Assessment | $695,000 |
Property Taxes
Parcel Number
25-31-16-66564-001-0010
Land Assessment
$126,400
Improvements Assessment
$568,600
Total Assessment
$695,000
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