$1,480,000
$1,599,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
5,920 SqFt
SOLD DATE : 01/02/2020
Key Details
Sold Price $1,480,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,920 sqft
Price per Sqft $250
Subdivision Morrissey Comm Center
MLS Listing ID T3178362
Sold Date 01/02/20
Construction Status No Contingency
HOA Y/N No
Year Built 1935
Annual Tax Amount $16,149
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 0.56
Property Description
Current rents are below Rental Market. Owner has never raised the rents. Currently all tenants are on a Month to Month. Easy for New Owners to decide what they like to do! Calling all Developers & Investors...Seller will provide current financials only when requested by buyer. Seller will Owner Finance with $300,000 down and is flexible with financing terms, Interest Rate, This is an existing income producing 10 unit multi-family unit that has provided Solid Income of the current Owners for years. The Property is located on Gulf Blvd and is just 4 blocks from Beautiful Upham Beach (St. Pete Beach) CC-2 Zoning allows for a range of Commercial & Residential development. Combined site size of 0.56 acres allows for a 40 ft building height and multi-family/vacation rental with many different options for the ground floor to include, office, commercial, restaurant, retail use. The property is in the heart of St. Pete Beach with traffic counts averaging 28,500 daily trips. Property has been rezoned and combined into one parcel by current owner to enhance development for potential buyer. Now, the parcel exceeds the 1/2 acre threshold necessary for mixed-use development and allows a wide range of uses such as: Restaurant first floor, multi- family upper floors, financial institutions, art galleries or studios, pharmacies, sales, rentals, veterinarian & dog grooming establishments. Owner is motivated to sell and will be looking at all offers, call today to schedule your private showing.
Location
State FL
County Pinellas
Community Morrissey Comm Center
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Balcony, Outdoor Grill, Sidewalk
Parking Features Open
Utilities Available Cable Available, Sewer Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Corner Lot, City Limits, In County, Paved
Foundation Crawlspace
Lot Size Range 1/2 Acre to 1 Acre
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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