• SOUTH SHORE PARK - 2318 4th St S, Saint Petersburg, FL 33705

For Sale

Multi-Family

For Sale

This property is available for sale
1.26
Acres
$1,100,000
Sale Price
  • Year Built
    1957
  • Total Building Size
    9,265 RSF
  • Overview

    Multi-Family Offer in Always Sunny St Petersburg. This Site is On Both Sides of 4th Street South and 23rd Ave South just south of the major intersection at 22nd Ave S. On the East Side of 4th Street at 2318 4th Street South, there is 10 units in three block structures * 8 One Bedrooms and 2 Efficiencys. On the West Side of 4th Street at 414 23rd Ave S, there 9 units in four wood structures * 8 Efficiencys and 1 One Bedroom Plus over 17,000 of build-able vacant land fronting 4th Street. The Property is unique because it is located on both sides of the major North - South Corridor of 4th Street.
    The Rents have not been raised for years Current Rent Rolls support a 7% Cap Rate Pro Forma Cap Rate 10%. The Asking Price is 58K per door. Approximately 9,265 sf of structure. Parking and Signage.

Contact or Call

Property Details

Multi-Family Offer in Always Sunny St Petersburg. This Site is On Both Sides of 4th Street South and 23rd Ave South just south of the major intersection at 22nd Ave S. On the East Side of 4th Street at 2318 4th Street South, there is 10 units in three block structures * 8 One Bedrooms and 2 Efficiencys. On the West Side of 4th Street at 414 23rd Ave S, there 9 units in four wood structures * 8 Efficiencys and 1 One Bedroom Plus over 17,000 of build-able vacant land fronting 4th Street. The Property is unique because it is located on both sides of the major North - South Corridor of 4th Street.
The Rents have not been raised for years Current Rent Rolls support a 7% Cap Rate Pro Forma Cap Rate 10%. The Asking Price is 58K per door. Approximately 9,265 sf of structure. Parking and Signage.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    1957
  • Sale Price
    $1,100,000
  • Total Building Size
    9,265RSF
  • Total Acres
    1.26
  • Cap Rate
    9.0%
  • Number of Floors
    1
  • Zoning
    CRT-1
  • Last updated
    Jan 28, 2020
  • Property ID
    1819547

Landlord's Sales Representative

  • JonnY RenO La Budde
    Keller Williams