$720,000

349 78th Avenue

ST PETE BEACH FL, 33706

Description

The 349 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. Comprised of a single structure consisting of three one-bedroom units, and a spacious two-bedroom unit featuring Central HVAC, the Property has just undergone thorough, and extensive renovations with new tenants having taken occupancy November 1st subject to twelve-month leases (one-bedrooms $1,000, and $1,250 two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. Intending to bring the Property essentially 100% hurricane compliant, the just-completed renovations include installation of an entirely new hip roof (the construction of which included new roof joists), upgraded electric and plumbing systems, new Central HVAC (two-bedroom unit), exterior paint, with new fencing and landscape to include reclaimed water irrigation. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been, and is now, 100% occupied. It is projected to operate on an owner-managed basis with total expenses equal to approximately 46% of EGI, with expectation of minimal near-term capital expenditure requirements.

Details

MLS#U8091237
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site142

Features

SQ Feet2,256
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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:
$720,000
low | high
Med:
$429,900
90.291666666667% of Average
SqFt:
2,256
low | high
Med:
1,160
98.581560283688% of Average
$ / SqFt:
$319
low | high
Med:
$371
33.877586206897% of Average
On Site:
142
low | high
Med:
129
100% of Average
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 1,500 - 2,500
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 30, 2020 7:06:43 AM PST
Patrick Whitney LogoMLS Number: U8091237
Listing Provided By:
Patrick Whitney  of  COLDWELL BANKER RESIDENTIAL

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