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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $281
Subdivision Edina Garden Of Eden
MLS Listing ID U8136681
Sold Date 02/04/22
Construction Status Inspections
HOA Y/N No
Year Built 1925
Annual Tax Amount $4,928
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x122
Property Description
This is truly a unique apartment building, has been in the family since 1925 and are the original owners. The property is located within a short bike ride to downtown St. Pete’s waterfront and entertainment district. This six-unit complex has been very well maintained, two efficiencies and four 1 bedrooms. All buildings have been rewired to code with hard wired interconnected smoke detectors. New roofs as of January 2021. All sewer lines are replaced with PVC and cleanouts. All galvanized water lines have been replaced from the street meter to each unit along with shut-off valves. Fire extinguishers have been recertified. Laundry facility on premises along with large storage area. State licenses are current. Security lights along with Blink Security cameras outside in common areas. The owner has kept the rents low to avoid turnover. Rents could be much higher. Projected income, $86,700. Some tenants are long term. The water bill is evenly split between all six tenants, monthly. The neighborhood is historic in nature and is surrounded by new million dollar plus homes and very well-maintained historic properties. Short walking distance to St Anthony’s BayCare Hospital and the 4th Street restaurant district. The owner has taken pride in the property, and it shows.
Location
State FL
County Pinellas
Community Edina Garden Of Eden
Direction N
Interior
Cooling Central Air, Wall/Window Unit(s)
Exterior
Parking Features Parking Spaces - 13 to 18
Building
Story 2
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COPELAND MORGAN LLC
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