Address
4420 37th STREET S, ST PETERSBURG, FL
Price
$ 2,000,000
Property Attributes
  • MLS#U8223142
  • TypeIncome
  • CountyPINELLAS
  • CityST PETERSBURG
  • AreaSt Pete-Gulfport
  • NeighborhoodCaribbean Apts Condo
  • Zip33711
  • StyleMulti Family
  • Year Built1969
  • Taxes$ 10458
  • Price$ 2,000,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage7840
  • Lot Size0.42 Acres
Data Source:
Stellar MLS
Property Description

10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION, just update the Condo Docs. This well-maintained concrete block multifamily has huge upside potential with current rents below market. Comprised of (8)1 bedroom/1 bath and (2) 2 bedroom/2 bath units nicely appointed and well maintained. Each unit has a private covered patio space facing westward, perfect for taking in the coastal breeze while watching the sunset. Month-to-month leases allow the buyer to add value by stabilizing rents or selling individually. Freshly painted exterior. The detached laundry with 4 coin-operated machines provides an additional income stream. Newly resurfaced car parking with 10 tandem spots for tenants and 3 additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage. First-class walkability. The Pinellas Trail runs directly in front of the building. Situated adjacent to multi-million dollar waterfront neighborhoods. Within blocks of area favorites: Starbucks, Tiki Docks, Maximo Marina, and Publix. The Skyway Marina District has been experiencing rapid expansion and change with more development on the way, including a new Sprouts Farmers Market. Easy access to I-275, US19, Eckerd College, DT St Pete, and area beaches.*DO NOT DISTURB TENANTS*DO NOT WALK PROPERTY*

Price History
12/5/2023 Listed $2,200,000
4/4/2024 10% - $2,000,000

General Features

Interior Features Other
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected,Electricity Connected,Public
Roof Other
Appliances Dishwasher,Microwave,Refrigerator
Exterior Features Balcony
Zoning NSM-1
Construction Materials Block
Year Built 1969
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 206424
Additional Parcels Description 03-32-16-13459-000-0010; 03-32-16-13459-000-0020; 03-32-16-13459-00
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name CARIBBEAN APTS CONDO
Garage Y/N No
Other Structures Other
Status Active
Directions From 34th Street South,head WEST on 46th Avenue South and NORTH on 37th Street South. The building will be on the EAST side of 37th St S. 4420 37th Street S. ***DO NOT DISTURB TENANTS**
ModificationTimestamp 2024-04-04T15:23:58.530Z
City ST PETERSBURG
Buyer Agent Compensation 2%-$295
Disclosures Lead Paint
Association Name Condo Docs and Fees Not Currently Enforced
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 10
MLS Area 33711 - St Pete/Gulfport
Lot Size Units Square Feet
Lot Size Square Feet 18125
Waterfront Y/N No
Carport Y/N No
Street Name 37th
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 10458
Additional Parcels Y/N Yes
Days on Market 93
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 0010
Legal Description CARIBBEAN APTS CONDO UNIT 1; CARIBBEAN APTS CONDO UNIT 2; CARIBBEAN APTS CONDO UNIT 3; CARIBBEAN APTS CONDO UNIT 4; CARIBBEAN APTS CONDO UNIT 5; CARIBBEAN APTS CONDO UNIT 6; CARIBBEAN APTS CONDO UNIT
Water Access Y/N No
Water View Y/N No
Flood Zone Code AE

Interior Features

Flooring Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 12
LivingAreaSource Public Records
Total Baths 12

Exterior Features

Lot Features Flood Insurance Required,FloodZone,Landscaped,Near Public Transit
Water Source Public
Lot Size Area 18125
Foundation Details Slab
Number of Buildings 1
Building Area Total 7840
Lot Dimensions 145 x 125
Street Suffix STREET
Lot Size Acres 0.42
Road Surface Type Asphalt
Number of Lots 10
Road Responsibility Public Maintained Road

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

Property vs Income Average in 33711

Price
AVG $1.07M
$2M
Taxes
AVG $5,165
$10,458
Visits
AVG 443
1022
Data Provided by Inside Real Estate®
Year Built
AVG 1975
1969