$900,000

340 78th Avenue

ST PETE BEACH FL, 33706

Description

The 340 78th Avenue Apartments enjoys the ideal location of being in the heart of St Pete Beach, blocks from Upham Beach and Historic Corey Shopping Districts funky specialty shops, galleries, popular bars and restaurants. The Property is also just minutes to the mainland via the Pasadena Causeway. Activities abound in St Pete Beach, a town sprinkled with nostalgic Old Florida motels and inns, as well as the five-star Don CeSar, and Trade Winds Island Resorts. The Property is comprised of two structures; one consists of four adjacent one-bedroom units, and the other a detached two-bedroom residence. Long-term tenants sign annual leases, and have a history of on-time payment. Rents average $850 (one-bedrooms), and $1,187 (two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. The Property has been exceptionally well maintained. Recent capital improvements include, among others, upgraded electric and plumbing systems, new hurricane certified roof, reclaimed water irrigation system, and entire exterior paint. Apartments are equipped with a combination of Central and window HVAC systems. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been 100% occupied, and is projected to operate on an owner-managed basis with total expenses equaling approximately 50% of EGI, with expectation of minimal near-term capital expenditure requirements.

Details

MLS#U8091236
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site133

Features

SQ Feet2,647
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Area Information
StateFL
CountyPinellas
CityST PETE BEACH
Zip Code33706
Area33706 - Pass a Grille BchSt Pete BchTreasure Isl
Listing VS Median (in 33706)
Price:
$900,000
low | high
Med:
$425,000
100% of Average
SqFt:
2,647
low | high
Med:
914
100% of Average
$ / SqFt:
$340
low | high
Med:
$465
13.241551179188% of Average
On Site:
133
low | high
Med:
55
100% of Average
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
601 75TH AVE Property Photo - ST PETE BEACH, FL real estate listing
$0
601 75th Ave
St Pete Beach, FL 33706
Listing Updated: November 25, 2020 9:10:16 PM PST
Patrick Whitney LogoMLS Number: U8091236
Listing Provided By:
Patrick Whitney  of  COLDWELL BANKER RESIDENTIAL

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