Price Reduced 9.09%
Price History
$2,200,000
12/5/2023
$2,000,000
4/4/2024
4420 37th STREET S, St. Petersburg, FL, 33711
1969
7,840 sqft
10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION, just update the Condo Docs. This well-maintained concrete block multifamily has huge upside potential with current rents below market. 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. Month-to-month leases allow the buyer to add value by stabilizing rents or selling individually. Freshly painted exterior. The detached laundry with 4 coin-operated machines provides an additional income stream. Newly resurfaced car parking with 10 tandem spots for tenants and 3 additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage. 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*
Status:
Active
Type:
Commercial
Units:
10
Complex:
CARIBBEAN APTS CONDO
Garage:
13 to 18 Spaces
Heating:
Central
Cooling:
Central Air
Levels:
2
Lot Size:
145 x 125
Acreage:
0.42
Est. Taxes:
$10,458
Construction
Block
Utilities
Public
Lot Description:
Flood Insurance Required, FloodZone, Landscaped, Near Public Transit, Neighbourhood, Street Lights
Days on Market:
93
Appliances:
Dishwasher, Microwave, Refrigerator
MLS #:
U8216494
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of DALTON WADE INC Phone: 888-668-8283