47A BAYVIEW CT S
3, 2, 2,574ft²
MLS#: U8237677
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4420 37TH ST S #1-10, ST PETERSBURG, 33711
- $2,000,000
- 12 Beds, 12 Baths , 7,840 Sq.Ft
- County: Pinellas
- Subdivision: CARIBBEAN APTS CONDO
Property highlights
- MLS#: U8246435
- 18,125.00 lot size Sq.Ft.
- Year built: 1969
- Floor: 1
- Listed: 06/21/2024
- Taxes: $10,458.00
- Maintenance fee includes: None
- Building Name: CARIBBEAN APARTMENTS
Property Overview
*NO FLOODING OR DAMAGE FROM HELENE OR MILTON**
**NEW ROOF**
10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District in St Petersburg, Florida. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION.
This well-maintained concrete block multifamily has huge upside potential with current rents below market. 6 of the 10 units have been updated within the past 2 years. 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 over the Pinellas Trail.
6 units are on month-to-month leases. Add value by stabilizing rents or selling individually. Freshly painted exterior. The newly RENOVATED detached laundry provides an additional income stream opportunity. 10 tandem off-street parking spots for tenants and additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage, but verbiage in the lease allows this expense to be passed through to tenants.
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* Contact Ashley Frazier for Offering Memorandum and Financials.
Driving directions : From US Highway 19 S: head WEST on 46th Ave S then head NORTH on 37th St S. Property will be on the EAST side of 37th St S.
Property Features
| Rooms | Dimension | Description |
|---|---|---|
| Living Room | 17x12 | First level , Ceramic Tile |
| Primary Bedroom | 12x12 | First level , Ceramic Tile |
| Kitchen | 10x10 | First level , Ceramic Tile |
Interior Features
- Window Treatments
Appliances
- Dishwasher
- Microwave
- Range
- Refrigerator
Heating
- Central
Laundry features
- Common Area
Air Conditioning
- Central Air
Floor Covering
- Ceramic Tile
Utilities
- Cable Connected
- Electricity Connected
- Public
Exterior features
- Balcony
- Hurricane Shutters
- Lighting
- Private Mailbox
Community Features
- None
Construction Materials
- Block
Other Structures
- Other
Road Surface Type
- Asphalt
Roof
- Other
Foundation
- Slab
Lot Features
- Flood Insurance Required
- FloodZone
- Landscaped
- Near Public Transit
Listing information courtesy of DALTON WADE INC
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Listing data comes from My Florida Regional MLS.
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