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727-415-4982
Real Estate Company
4200 1st Street N, St Petersburg, FL 33703
- $2,100,000
- 13
- BD
- 13
- BA
- 8,000
- SqFt
- Sold Price
- $2,100,000
- List Price
- $2,495,000
- Status
- Sold
- Days on Market
- 32
- Closing Date
- Sep 02, 2025
- MLS#
- TB8406946
- Property Style
- Multi Family
- Year Built
- 1972
- Bedrooms
- 13
- Bathrooms
- 13
- Living Area
- 8,000
- Lot Size
- 16,038
- Acres
- 0.37
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- La Salle Gardens Charles Rep
- MLS Area Major
- St Pete
Property Description
PRICE REDUCED $388,500 !!! CAP RATE NOW 6.99% 10 unit solid concrete block apartment building in Northeast St. Pete. This building did not suffer any flooding, or adverse effects whatsoever from last years storms! Two story building with (3) 2 bedroom, 2 bath units, (7) 1 bedroom, 1 bath units and a dedicated laundry room. Building was built in 1972, and completely top to bottom “to the studs” renovated in 2017. Each unit has the same finishes: solid wood kitchen cabinetry featuring built in wine rack, granite countertops with undermount kitchen sink, four piece stainless steel appliance suite, central AC, 100 percent hurricane impact windows and doors, subway tile shower tile, with cast iron Kohler soaking tubs. Every plumbing unit in the building (toilets, tubs, shower valves, sink faucets) is Kohler, every light fixture LED, all interior doors in the building were replaced, all water heaters were replaced, as was roof. Walkways were redone with long lasting commercial coating. Added bonus: professionally refinished terrazzo flooring throughout the building; no expense ever for flooring between tenants! Historical vacancy since renovation is virtually non existent. Northeast park is one of the most desirable neighborhoods in St. Petersburg, close to dining and restaurants, and this is a completely modernized building. Variations in rent between units of the same size are not due to quality of finishes (since all units were remodeled at the same time); but rather how long a tenant has been in the building. The lower the rent, the long the tenure. Moving forward, the “value add” is simply increasing rents to make them uniform when owner so chooses.
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Additional Information
- Taxes
- $14166
- Community Features
- Street Lights, No Deed Restriction
- Property Description
- Two Story
- Zoning
- NS-MF
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Thermostat
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Thermostat
- Floor
- Terrazzo
- Appliances
- Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete, Stucco
- Exterior Features
- Lighting, Sidewalk, Storage
- Roof
- Built-Up
- Foundation
- Concrete Perimeter, Slab
- Pool
- No Pool
- Garage Features
- Assigned
- Flood Zone Code
- AE
- Parcel ID
- 06-31-17-50328-000-0060
- Legal Description
- LA SALLE GARDENS CHARLES REPLAT LOTS 6 AND 7
Listing courtesy of COLDWELL BANKER REALTY. 727-822-9111
Selling Office: WOLK PROPERTY GROUP, LLC.Mortgage Calculator
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