Active

$3,500,000

Features:
  • 40 Bedrooms
  • 40 Bathrooms
  • 17600 sq ft
Overview
  • ID: MFRTB8334819
  • Bedrooms: 40
  • Bathrooms: 40
  • Size: 17600 sq ft
Property Details
Remarks
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.
Financial Considerations
Price:
$3,500,000
HOA Fee:
N/A
Tax Amount:
$24882
Price per SqFt:
$198.86
Tax Legal Description:
LAKEVIEW MANOR UNNUMBERED LOT
Exterior Features
Lot Size:
59775
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
40
Bathrooms:
40
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
2008
Construction Type:
Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    966 22ND AVE S
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