Location LOCATION DESCRIPTION: Super excellent location - just about one of the best locations for a multi-family property. The address is on 50th Avenue North on the 400 Block at 458 50th Avenue North.
The address is just off 4th Street North which is one of St Pete's major north - south corridors. This Street runs the whole length of St Pete from Tampa Bay/Howard Franklin Bridge to Pinellas Point. The site is also on 50th Avenue which is between two major lighted intersections of 38th Avenue North and 54th Avenue North.
This unique location makes this address convenient to everywhere in the Tampa Bay Area. Downtown St Pete is only 5 minutes away. The Interstate is also 5 minutes away, making Tampa only 14 minutes away and the Beaches 15 minutes away.
This Site is also located in the famed quadrant of Northeast St Petersburg.
Sale OFF-MARKET 4 PLEX FOR SALE Stellar Location & Value Add Turner Buck's Place
First Come - First Serve. * This Opportunity is a true Off-Market Multi-Family Purchase but for a limited time. This Site will go public in two weeks, if you have interest be sure to call or text Jon Reno La Budde at 727-510-1921, if the voice mail is full, do not worry you will be called back.
Our Offering is for an attractive complex of 4 units in the northeast area of Saint Petersburg, Florida. The Property consists of three 1 Bedroom / 1 bath and one 2 bedroom / one bath.
The Two Bedroom has an enclosed porch, and every One Bedroom has a screened porch. All of the units are in good condition with all fixtures & appliances are in good repair. Some of units have been updated, but all are quite pleasing and very acceptable.
Parking is overly abundant with an alarming 2 spaces per unit, three of which are covered spaces.
The Play here is the Value-Add scenario, currently all units are paying only half of market rents. There is also additional revenue streams thru laundry, water/sewer/trash pass-thru, and covered parking charge.
The new pro-forma exhibits a potential Cap Rate of 8.12%
Please do not visit the property without the agent, please respect the tenant's privacy.
LOCATION DESCRIPTION: Super excellent location - just about one of the best locations for a multi-family property. The address is on 50th Avenue North on the 400 Block at 458 50th Avenue North.
The address is just off 4th Street North which is one of St Pete's major north - south corridors. This Street runs the whole length of St Pete from Tampa Bay/Howard Franklin Bridge to Pinellas Point. The site is also on 50th Avenue which is between two major lighted intersections of 38th Avenue North and 54th Avenue North.
This unique location makes this address convenient to everywhere in the Tampa Bay Area. Downtown St Pete is only 5 minutes away. The Interstate is also 5 minutes away, making Tampa only 14 minutes away and the Beaches 15 minutes away.
This Site is also located in the famed quadrant of Northeast St Petersburg.
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
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