7209 Coquina Way - Apartments FOR SALE


St Pete Beach, FL 33706
$1,050,000 USD
813-789-2096
7209 Coquina Way, St Pete Beach, FL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/24
null | 7.14% Cap Rate

7209 Coquina Way
St Pete Beach, FL 33706


HIGHLIGHTS

  • Close proximity to beach entrance. Less than an 8 minute walk to public beach entrance. Walking distance to restaurants and shops.

OVERVIEW

This is a great value-added opportunity. Updating will go a long way for this property and provide instant equity. The property was affected by Hurricane Helene, The downstairs two units had about 3ft of water inside. The affected drywall has been removed and the property is being dryed out. The exterior courtyard just needed some cleaning up with the fence requiring some repairs. The compressors for the downstairs units need to be replaced. The upstairs units have brand new a/c with 10 year parts and labor warranties. The residents of the upstairs two apartments are back in their homes and are paying full rent. The laundry room is back up and operating. The downstairs units are being left as is for sale but provide a great opportunity to renovate them for the season.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RS

APN/PARCEL ID

36-31-15-77994-046-0020

ASK ABOUT THIS PROPERTY

Ellen ZusmanFine PropertiesMore Info
813-789-2096

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

Ellen ZusmanFine PropertiesMore Info
813-789-2096

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