4420 37TH STREET S UNIT 1-10

$ 2,000,000
4420 37TH STREET S UNIT 1-10, ,

Overview

  • Updated On:
  • December 19, 2024
  • 7,840 ft2
  • 0 ft2
  • 3 Rooms
  • 12 Bedrooms
  • 12 Bathrooms

Description

Under contract-accepting backup offers. *NO FLOODING OR DAMAGE FROM HELENE OR MILTON**

**NEW ROOF**

10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District in St Petersburg, Florida. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION.

This well-maintained concrete block multifamily has huge upside potential with current rents below market. 6 of the 10 units have been updated within the past 2 years. Comprised of (8)1 bedroom/1 bath and (2) 2 bedroom/2 bath units nicely appointed and well maintained. Each unit has a private covered patio space facing westward, perfect for taking in the coastal breeze while watching the sunset over the Pinellas Trail.

6 units are on month-to-month leases. Add value by stabilizing rents or selling individually. Freshly painted exterior. The newly RENOVATED detached laundry provides an additional income stream opportunity. 10 tandem off-street parking spots for tenants and additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage, but verbiage in the lease allows this expense to be passed through to tenants.

First-class walkability. The Pinellas Trail runs directly in front of the building. Situated adjacent to multi-million dollar waterfront neighborhoods. Within blocks of area favorites: Starbucks, Tiki Docks, Maximo Marina, and Publix. The Skyway Marina District has been experiencing rapid expansion and change with more development on the way, including a new Sprouts Farmers Market. Easy access to I-275, US19, Eckerd College, DT St Pete, and area beaches.

*DO NOT DISTURB TENANTS*DO NOT WALK PROPERTY* Contact Ashley Frazier for Offering Memorandum and Financials.

Property Id : 6073209
Price: $ 2,000,000
Property Size: 7,840 ft2
Property Lot Size: 0 ft2
Rooms: 3
Bedrooms: 12
Bathrooms: 12
Bathrooms Full: 12
Bathrooms Half: 0
DaysOnMarket: 149
Directions: From US Highway 19 S: head WEST on 46th Ave S then head NORTH on 37th St S. Property will be on the EAST side of 37th St S.
Flooring: Ceramic Tile
Heating: Central
Levels: One
LotFeatures: Flood Insurance Required,FloodZone,Landscaped,Near Public Transit
Lot Size Area: 18125
ParcelNumber: 033216134590000010
Roof: Other
Sewer: Public Sewer
SpecialListingConditions: None
StateOrProvince: FL
YearBuilt: 1969
Other Features
Balcony
Dishwasher
Has Cooling System
Has Heating System
Hurricane Shutters
Lighting
Microwave
Private Mailbox
Range
Refrigerator
Window Treatments
Address: 4420 37TH STREET S UNIT 1-10
State/County:
Zip: 33711
Country: US
Open In Google Maps
$ 10,254.40
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,754.40

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