3601 6th St S - Multi-Family FOR SALE


Pasadena, FL 33705
$3,200,000 USD
813-865-3091
3601 6th St S, Pasadena, FL for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/6
null | 6.28% Cap Rate

3601 6th St S
Pasadena, FL 33705


HIGHLIGHTS

  • New Construction | Award Winning Development Team
  • Property Includes One-Year Rental Guarantee Policy (RGP)
  • Water Views | Downtown Views | Impeccable Market Location

OVERVIEW

Our award-winning development team is proud to present Aquatica: a 12-Unit apartment building located in Saint Petersburg, FL. This multifamily property is situated directly across the street from the serene Bayou Bayfront and down the street from the massive mixed-use redevelopment project, Coquina Key Plaza, which will be home to over 20,000 square feet of retail space. Traveling thru Downtown, the Rays Stadium, and the Art District, Aquatica is directly in the path of St. Petersburg's modernization district. The property features gorgeous downtown and waterfront views from select units; stainless steel appliances, state-of-the-art construction, and an irreplaceable growth opportunity. In addition to St. Pete’s superior location fundamentals, St. Pete hosts the Tampa Bay Rays (MLB), who play at Tropicana Field, and the Tampa Bay Rowdies (NASL), who play at Al Lang Stadium, and roots for the regional home teams who play across the bay - the Tampa Bay Buccaneers (NFL) and the Tampa Bay Lighting (NHL). The Gateway Business District is one of the fastest growing employment centers in the Tampa Bay area and serves as the national headquarters for several Fortune 500 companies. Cost Analysis Performed as Rental Property In: Rent - $253,680.00 Out: (Annual) Property Taxes - $18,453.00 (Annual) Estimated Insurance - $13,498.00 (Annual) Property Management (Optional) - $10,147.20 (Annual) Estimated Utilities/Lawn/Repair/Misc. - $10,488.00 Total Costs - $52,586.20 Net: $201,093.80 Earn: Total yearly net equates to - $201,093.80 TOTAL MONTHLY NET EQUATES TO - $16,757.82

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,667

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aquatica

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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