601 Corey Ave
Saint Pete Beach, FL 33706
COQUINA BEACH APARTMENTS- SELLER FINANCING! · Multifamily Property For Sale
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9 Units
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Tub/Shower
- Lawn
Site Amenities
- Laundry Facilities
- Picnic Area
- Grill
- Pet Play Area
- Trash Pickup - Curbside
- Vintage Building
- Sundeck
About 601 COREY AVE , SAINT PETE BEACH, FL 33706
THE COQUINA BEACH APARTMENTS IS A 9-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL ST. PETE BEACH, FL! THE PROPERTY CONSISTS OF 9-STUDIO APARTMENTS DIRECTLY IN THE HEART OF ST. PETE BEACH. THESE UNITS ARE IN EXCELLENT CONDITION AND LOCATED ONLY STEPS FROM THE WATER! THIS IS THE PERFECT VALUE-ADD INVESTMENT AS THE CURRENT RENTS ARE SEVERLY BELOW THE MARKET AVERAGE IN ST. PETE BEACH! ALL TENANTS ARE ON MONTH-TO-MONTH LEASES, BUT THEY PAY THE OWNER WEEKLY, CREATING CONSISTENT CASH FLOW FOR THE OWNER. THE COQUINA BEACH APARTMENTS ARE CURRENTLY 100% OCCUPIED AND BOAST A CASH-ON-CASH RETURN OF OVER 16%. WHILE THIS IS A FANTASTIC RETURN, TO BEGIN WITH, IT ONLY GETS BETTER AS THE BUYER CAN INCREASE THESE RATES IMMEDIATELY. FURTHERMORE, BY USING THE SELLER FINANCING TERMS DESCRIBED BELOW, THE BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF OVER 16% AND A CAP RATE OF OVER 10% BY THE START 2020!
Property Taxes
| Parcel Number | 36-31-15-77994-058-0150 | Improvements Assessment | $235,519 |
| Land Assessment | $489,481 | Total Assessment | $725,000 |
Property Taxes
