Property Attributes
- MLS#U8244869
- TypeIncome
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodPalms At Crescent Lake Condo
- Zip33701
- StyleMulti Family
- Year Built1949
- Taxes$ 12855
- Price$ 1,575,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3948
- Lot Size0.25 Acres
Data Source:
Stellar MLS
Property Description
EXCELLENT INVESTMENT OPPORTUNITY to acquire a 7 UNITS to Hold or for Individual Resale just steps off of the 4th St corridor in the sought after CRESCENT LAKE area of ST PETERSBURG proper!!! Comprising 7 FULLY OCCUPIED 1-Bedroom/1 Baths in an 8 unit condo property across 2 buildings on a large lot complete with off street parking, these homes are exceedingly walkable to all of the in demand destinations of downtown St Pete, the tennis and pickleball courts of gorgeous Crescent Lake, and the waterfront. These are high-demand products with balconies, patios and central AC, designed so that all are corner units - ideal for both our booming rental and sales markets, providing opportunities for multiple investment strategies with multiple exit options - the next owner can Buy and hold as a set, or sell off individually. With ON-SITE LAUNDRY, wood floors, updated units, fresh paint, FULLY SEPARATELY METERED FOR ELECTRIC all just steps off Crescent Lake and 4th Street all make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in a beautiful shaded neighborhood with mature landscaping and a great lifestyle these properties will be sure to provide SOLID, CONSISTENT CASH-FLOW and SIGNIFICANT UP-SIDE for the next owner regardless of strategy. This area is IN HIGH-DEMAND for rentals AND sales, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE property is in an IDEAL LOCATION for residents!! Walk to Crescent Lake, Central Ave, Beach Drive, and all of the excellent restaurants, shops and breweries, and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.
Price History | |
---|---|
6/3/2024 | Listed $1,575,000 |
General Features
Interior Features | Ceiling Fan(s) |
---|---|
Sewer | Public Sewer |
Heating | Central |
Cooling | Central Air |
Utilities | Cable Connected,Electricity Connected,Sewer Connected,Water Connected |
Roof | Other |
Appliances | Dryer,Range,Refrigerator,Washer |
Exterior Features | Balcony,Other |
Patio/Porch Features | Covered |
Construction Materials | Block |
Pets Allowed | Number Limit |
Year Built | 1949 |
Tenant Pays | Electricity |
View | City,Garden |
Property SubType | Multi Family |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Gross Income | 136680 |
Additional Parcels Description | See Attached |
County | Pinellas |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | PALMS AT CRESCENT LAKE CONDO |
Garage Y/N | No |
Status | Active |
Directions | 4th St to 14th Ave N to addresses. |
ModificationTimestamp | 2024-06-28T15:56:05.357Z |
City | SAINT PETERSBURG |
Buyer Agent Compensation | 2.5%-$395 |
Disclosures | Lead Paint |
View Y/N | Yes |
Senior Community Y/N | No |
NumberOfUnitsTotal | 7 |
MLS Area | 33701 - St Pete |
Lot Size Units | Square Feet |
Lot Size Square Feet | 10985 |
Waterfront Y/N | No |
Carport Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 12855.85 |
Additional Parcels Y/N | Yes |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8244869 |
Days on Market | 27 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Occupancy Type | Tenant |
Legal Description | PALMS AT CRESCENT LAKE CONDO BLDG 440,UNIT 1 |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | X |
Interior Features
Flooring | Hardwood |
---|---|
Common Walls | Corner Unit |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Laundry Features | Common Area,Laundry Closet |
LivingAreaSource | Public Records |
Exterior Features
Parking Features | Off Street |
---|---|
Lot Features | City Lot,In County,Near Public Transit,Sidewalk |
Water Source | Public |
Lot Size Area | 10985 |
Foundation Details | Slab |
Number of Buildings | 2 |
Lot Size Acres | 0.25 |
Road Surface Type | Paved |
Number of Lots | 7 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool