206 9th Ave NE - Apartments FOR SALE


Saint Petersburg, FL 33701- Old Northeast
$2,500,000 USD
727-804-0655
206 9th Ave NE, Saint Petersburg, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

206 9th Ave NE
Saint Petersburg, FL 33701
Old Northeast


HIGHLIGHTS

  • Prime Location in Old Northeast - Blocks to Downtown and Waterfront!
  • Abundant Off Street Parking on Oversized Corner Lot
  • Furnished Units in High-Demand Rental Area

OVERVIEW

EXCELLENT OPPORTUNITY to acquire 10 UNITS in the heart of upscale and in-demand OLD NORTHEAST!! Positioned on an OVER-SIZED CORNER LOT just blocks north of booming Downtown St Petersburg and blocks off Beach Drive and gorgeous waterfront North Shore Park, this property benefits from extreme walkability while surrounded by classic Florida charm. Comprising 8 studios and 2 One-Bedroom apartments - ideal unit sizes for our strong rental market - the property features 11 OFF-STREET PARKING spaces and ON-SITE LAUNDRY, both of which are features that appeal to the target market for tenancy. Benefiting from FURNISHED UNITS and previous transient licensing that may allow for a return to short term rentals use, this property has a variety of potential opportunities built-in - a rarity for Old Northeast. With NO FLOOD ZONE, largely updated units separately metered for electric, a fresh paint job and a solid roof with no storm damage, this property is a Turn-Key investment in a HIGH-DEMAND location ideal for any Investor on the spectrum, from new to experienced, and may have significant REDEVELOPMENT POTENTIAL to others thanks to possible density grandfathering; clearly a rare opportunity in a top-tier location just steps away from the ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS of ST PETE! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace Park Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,827 SF

ZONING

-

APN/PARCEL ID

17-31-17-04842-002-0060

ASK ABOUT THIS PROPERTY

Adam YoreRE/MAX PreferredMore Info
727-804-0655

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Adam YoreRE/MAX PreferredMore Info
727-804-0655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.