1090 10th St N | Saint Petersburg, FL 33705
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- LoopNet Team
1090 10th St N
Saint Petersburg, FL 33705
Eucilid Schoolhouse Flats · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- This local historic landmark is one of the most unique assets within St. Petersburg, attracting a desirable tenant base
- Due to special zoning, this asset is situated in a prominent neighborhood ($357K avg. home sale price - 36% above MSA avg.)
- Ability to increase cap rate 207bps through value-add strategies
- Previous high ceiling classrooms repurposed into residential flats with luxury finishes and preserved historic charm
- A diverse unit mix consisting of 1x1, 2x1, and 2x2 units
- Double-digit year-1 cash-on-cash return
PROPERTY FACTS
| No. Units | 16 | Lot Size | 1.58 AC |
| Property Type | Multifamily | Building Size | 13,308 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | B | Parking Ratio | 0.68/1,000 SF |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.58 AC |
| Building Size | 13,308 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.68/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- Smoke Free
PROPERTY TAXES
| Parcel Number | 13-31-16-02880-002-0010 | Improvements Assessment | $1,021,689 |
| Land Assessment | $1,428,311 | Total Assessment | $2,450,000 |
PROPERTY TAXES
Parcel Number
13-31-16-02880-002-0010
Land Assessment
$1,428,311
Improvements Assessment
$1,021,689
Total Assessment
$2,450,000
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