3,800 SqFt
3,800 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $261
Subdivision Arcadian Heights
MLS Listing ID TB8339945
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $19,022
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi-Family
Property Description
Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 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! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Location
State FL
County Pinellas
Community Arcadian Heights
Zoning R-4
Direction N
Interior
Interior Features Ceiling Fans(s), Other
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Microwave, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Courtyard, Other, Storage
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Other,Stucco
New Construction false
Schools
Elementary Schools Lealman Avenue Elementary-Pn
Middle Schools Meadowlawn Middle-Pn
High Schools Northeast High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8339945
MORTGAGE CALCULATOR
“Let us guide you through the real estate process of your journey from start to finish. Fill out the form to have an experienced broker contact you to discuss a no-obligation consultation. ”
