$2,000,000
Description
**NEW ROOF TO BE COMPLETED BY SEPTEMBER 1, 2024** 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*
Listed by Ashley Frazier, .
Property Highlights
- Heating / Cooling: Central
- Property Type: Condo/Co-op, Condominium
- MLS #: U8246435
Room Information
| Flooring | Ceramic Tile |
| Full Baths | 12 |
| Laundry | Common Area |
| Total Baths | 12 |
| Total Beds | 12 |
Property Features
| Additional Parcels | Yes |
| Appliances | Dishwasher, Microwave, Range, Refrigerator |
| Construction Materials | Block |
| Cooling | Central Air |
| Direction Faces | West |
| Exterior Features | Balcony, Lighting |
| Heating | Central |
| Interior Square Footage | 7,840 |
| Lot Size Acres | 0.42 |
| Lot Size Dimension | 145 x 125 |
| Lot Size Square Feet | 18,125 |
| Other Structures | Other |
| Roof | Other |
| Rooms | 3 |
| Sewer | Public Sewer |
| Stories | One |
| Water Source | Public |
3D Tour
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