St Petersburg, FL 33705,966 22ND AVE S
St Petersburg, FL 33705,966 22ND AVE S
St Petersburg, FL 33705,966 22ND AVE S
St Petersburg, FL 33705,966 22ND AVE S
St Petersburg, FL 33705,966 22ND AVE S
St Petersburg, FL 33705,966 22ND AVE S
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$ 3,500,000
Est. payment | /mo

40 Beds

40 Baths

17,600 SqFt


$ 3,500,000
Est. payment | /mo

40 Beds

40 Baths

17,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,600 sqft

Price per Sqft $198

Subdivision Lakeview Manor

MLS Listing ID TB8334819

Bedrooms 40

Construction Status Completed

HOA Y/N No

Originating Board Stellar MLS

Year Built 2008

Annual Tax Amount $24,882

Lot Size 1.370 Acres

Acres 1.37

Lot Dimensions 200x255 + 192 x 45

Property Sub-Type Multi-Family

Property Description

Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
• 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
• Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
• Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential.
• Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time.
• Flood Zone X: Located in a low-risk flood zone for added peace of mind.
• Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
Call for details.

Location

State FL

County Pinellas

Community Lakeview Manor

Direction S

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator

Laundry Inside, Laundry Closet

Exterior

Exterior Feature Fence, Private Mailbox, Sidewalk

Utilities Available BB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8334819

Stellar MLS
Listed by VINTAGE REAL ESTATE SERVICES
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