St Petersburg, FL 33703,4200 1ST ST N
St Petersburg, FL 33703,4200 1ST ST N
St Petersburg, FL 33703,4200 1ST ST N
St Petersburg, FL 33703,4200 1ST ST N
St Petersburg, FL 33703,4200 1ST ST N
St Petersburg, FL 33703,4200 1ST ST N
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$ 2,575,000
Est. payment | /mo

13 Beds

13 Baths

8,000 SqFt


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$ 2,575,000
Est. payment | /mo
Save

13 Beds

13 Baths

8,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $321

Subdivision La Salle Gardens Charles Rep

MLS Listing ID TB8406946

Bedrooms 13

HOA Y/N No

Year Built 1972

Annual Tax Amount $14,166

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 127x126

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

PRICE REDUCED $318,500 !!! CAP RATE NOW 6.77 %
10 unit solid concrete block apartment building in Northeast St. Pete. This building did not suffer any flooding, or adverse effects whatsoever from last years storms! Two story building with (3) 2 bedroom, 2 bath units, (7) 1 bedroom, 1 bath units and a dedicated laundry room. Building was built in 1972, and completely top to bottom “to the studs” renovated in 2017. Each unit has the same finishes: solid wood kitchen cabinetry featuring built in wine rack, granite countertops with undermount kitchen sink, four piece stainless steel appliance suite, central AC, 100 percent hurricane impact windows and doors, subway tile shower tile, with cast iron Kohler soaking tubs. Every plumbing unit in the building (toilets, tubs, shower valves, sink faucets) is Kohler, every light fixture LED, all interior doors in the building were replaced, all water heaters were replaced, as was roof. Walkways were redone with long lasting commercial coating. Added bonus: professionally refinished terrazzo flooring throughout the building; no expense ever for flooring between tenants!
Historical vacancy since renovation is virtually non existent. Northeast park is one of the most desirable neighborhoods in St. Petersburg, close to dining and restaurants, and this is a completely modernized building. Variations in rent between units of the same size are not due to quality of finishes (since all units were remodeled at the same time); but rather how long a tenant has been in the building. The lower the rent, the long the tenure. Moving forward, the “value add” is simply increasing rents to make them uniform when owner so chooses.

Location

State FL

County Pinellas

Community La Salle Gardens Charles Rep

Area 33703 - St Pete

Zoning NS-MF

Direction N

Rooms

Other Rooms Inside Utility, Storage Rooms

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Thermostat

Heating Central, Electric

Cooling Central Air

Flooring Terrazzo

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Lighting, Sidewalk, Storage

Parking Features Assigned

Community Features Street Lights

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected

Roof Type Built-Up

Porch Patio

Garage false

Private Pool No

Building

Entry Level Two

Foundation Concrete Perimeter, Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
Listed by COLDWELL BANKER REALTY
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4200 1ST ST N