4420 37th Street S Unit 1-10, St Petersburg, FL 33711
- $1,790,000
- 12
- BD
- 12
- BA
- 7,840
- SqFt
- Sold Price
- $1,790,000
- List Price
- $2,000,000
- Status
- Sold
- Days on Market
- 164
- Closing Date
- Dec 24, 2024
- MLS#
- U8246435
- Property Style
- Condo
- Year Built
- 1969
- Bedrooms
- 12
- Bathrooms
- 12
- Living Area
- 7,840
- Lot Size
- 18,125
- Acres
- 0.42
- Total Acreage
- 1/4 to less than 1/2
- Building Name
- Caribbean Apartments
- Legal Subdivision Name
- Caribbean Apts Condo
- MLS Area Major
- St Pete/Gulfport
Property Description
*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.
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Additional Information
- Taxes
- $10458
- Minimum Lease
- 1 Month
- Maintenance Includes
- None
- Location
- Flood Insurance Required, FloodZone, Landscaped, Near Public Transit
- Community Features
- None, No Deed Restriction
- Property Description
- One Story
- Zoning
- NSM-1
- Interior Layout
- Window Treatments
- Interior Features
- Window Treatments
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Utilities
- Cable Connected, Electricity Connected, Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Balcony, Hurricane Shutters, Lighting, Private Mailbox
- Roof
- Other
- Foundation
- Slab
- Pool
- No Pool
- Floor Number
- 1
- Flood Zone Code
- AE
- Parcel ID
- 03-32-16-13459-000-0010
- Legal Description
- CARIBBEAN APTS CONDO UNIT 1; CARIBBEAN APTS CONDO UNIT 2; CARIBBEAN APTS CONDO UNIT 3; CARIBBEAN APTS CONDO UNIT 4; CARIBBEAN APTS CONDO UNIT 5; CARIBBEAN APTS CONDO UNIT 6; CARIBBEAN APTS CONDO UNIT 7; CARIBBEAN APTS CONDO UNIT 8; CARIBBEAN APTS CONDO UNIT 9; CARIBBEAN APTS CONDO UNIT 10
Listing courtesy of DALTON WADE INC. 888-668-8283
Selling Office: SERHANT.Mortgage Calculator
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