442 77th Ave N - Apartments FOR SALE


Saint Petersburg, FL 33702- Fossil Park
$1,490,000 USD
720-289-4397
442 77th Ave N, Saint Petersburg, FL for Sale
$1,490,000 USD
Apartments - FOR SALE
1/12
null | 5.1% Cap Rate

442 77th Ave N
Saint Petersburg, FL 33702
Fossil Park


HIGHLIGHTS

  • 1031 Exchange Friendly
  • Turnkey Condition
  • Investment Potential
  • Low Vacancy Rate

OVERVIEW

****DO NOT DISTURB TENANTS****  Prime Investment Opportunity: Turnkey 4-Unit Multi-Family Property Welcome to an exceptional investment opportunity in a highly sought-after location! This unique offering comprises two duplexes, each with its own parcel, providing a total of four turnkey units. Here are the highlights that make this property a must-have for savvy investors: - **Turnkey Condition**: All four units have been meticulously remodeled, ensuring they are in pristine condition and ready for immediate rental. No additional work is required—start earning from day one. - **Unit Specifications**: Each unit features 2 bedrooms and 1 bathroom, designed with modern finishes and thoughtful layouts that attract quality tenants. - **Private Backyards**: Every unit comes with its own private backyard, a rare and desirable amenity that enhances tenant satisfaction and retention. - **Prime Location**: Situated in a prime location, this property offers unparalleled convenience. It is located close to major highways, providing easy access to Tampa, Largo, and Clearwater. Additionally, it’s just a 10-minute drive to downtown St. Petersburg, making it an ideal choice for tenants who work or enjoy the vibrant city life. - **Low Vacancy Rate**: Thanks to its strategic location and high desirability, this property boasts a consistently low vacancy rate. The demand for rental units in this area is strong, ensuring a steady income stream. - **1031 Exchange Friendly**: This property is perfect for a 1031 exchange, offering investors a tax-deferred opportunity to reinvest proceeds from the sale of another property. - **Investment Potential**: With its separate parcels, there is flexibility in future development or sale strategies, offering additional potential for appreciation and profit. Don't miss out on this exceptional investment opportunity. Secure a high-yield, low-maintenance property that promises both immediate and long-term returns. Contact us today to learn more and schedule a viewing!

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

4

PRICE/UNIT

$372,500

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,034 SF

ZONING

NSM-1

APN/PARCEL ID

30-30-17-45666-000-0930,30-30-17-45666-000-0940

ASK ABOUT THIS PROPERTY

Kam KeiK2K PropertiesMore Info
720-289-4397

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Kam KeiK2K PropertiesMore Info
720-289-4397

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