4420 37TH STREET S UNIT 1-10 ST PETERSBURG FL 33711 MLS #U8246435

4420 37TH STREET S UNIT 1-10
ST PETERSBURG, FL, 33711
$2,000,000
12 Beds
12 Baths
7,840 SqFt
0.42 Acres
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*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.

Property Details

Price:
$2,000,000
MLS #:
U8246435
Status:
Active
Beds:
12
Baths:
12
Address:
4420 37TH STREET S UNIT 1-10
Type:
Condo
Subtype:
Condominium
Subdivision:
CARIBBEAN APTS CONDO
Neighborhood:
33711 – St Pete/Gulfport
City:
ST PETERSBURG
Listed Date:
Jun 21, 2024
State:
FL
Finished Sq Ft:
7,840
Total Sq Ft:
7,840
ZIP:
33711
Lot Size:
18,125 sqft / 0.42 acres (approx)
Year Built:
1969
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CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

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Schools

Interior

Appliances
Dishwasher, Microwave, Range, Refrigerator
Bathrooms
12 Full Bathrooms
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central
Laundry Features
Common Area

Exterior

Community Features
None
Construction Materials
Block
Exterior Features
Balcony, Hurricane Shutters, Lighting, Private Mailbox
Other Structures
Other
Roof
Other

Financial

HOA Includes
None
HOA Name
Condo Docs and Fees Not Currently Enforced.
Tax Year
2022
Taxes
$10,458

Map

Community

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4420 37TH STREET S UNIT 1-10
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