3365 57th Ave N - Apartments FOR SALE


Saint Petersburg, FL 33714
$1,175,000 USD
727-260-4484
3365 57th Ave N, Saint Petersburg, FL for Sale
$1,175,000 USD
Apartments - FOR SALE
1/38
null | 5.18% Cap Rate

3365 57th Ave N
Saint Petersburg, FL 33714


HIGHLIGHTS

  • Value-Add Property
  • Close to transportation
  • Mix of Short-Term, Mid-Term, and Long-term Leases
  • All units have been renovated over the last 5 years
  • All but one unit are furnished
  • Private courtyard with pet walk area and picnic table

OVERVIEW

Welcome to The Urban Standard! The property estimates a Net Operating Income (NOI) of $60,884 for 2024, with a CAP rate of 5.2%, making it the best buy on the market. With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a five unit at the front and a quadruplex at the back. Some units share electrical meters, while there is one shared water meter. The rear building was built in 1940 and sits on slab foundation with block construction. The property features a mixture of short term, mid term and long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities!

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

9

PRICE/UNIT

$130,556

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,512 SF

ZONING

R-4

APN/PARCEL ID

35-30-16-01404-001-0210

ASK ABOUT THIS PROPERTY

Kim Meredith-HamptonEngel & VölkersMore Info
727-260-4484

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Kim Meredith-HamptonEngel & VölkersMore Info
727-260-4484

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