3600 Dr Martin Luther King Jr Street S

    St Petersburg, FL 33705
    • $825,000
    • STATUS: Closed
    • ON SITE: 242 days
    • MLS #: U7845277
    Sold - 07/31/2018
    $825,000
    SOLD - 07/31/2018
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,196
      SQFT
    • $68
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    The property consists of 12 apartment units with One 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and Nine 1-Bedroom/1-Bath units that are 940 sqft each. The property is located directly across from Lake Maggori, Lake Maggori Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park consisting of 6 miles of trails, boardwalks and nature. The views will never be obstructed by development due to it being preserved land. The property has been in the same ownership for the last 18 years and should be considered a value add acquisition, as rents are far below market standards, that could be achieved with interior and exterior renovations. The 2 story property is concrete block construction with flat roofs and covered carport parking.Additional revenue could be garnered with the installation of onsite laundry facilitys, storage areas and sub metering systems. The property has maintained a consistently high occupancy level and benefits from excellent frontage on 9th St S.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-09-22T22:40:52.703.
    www.onebluerealestate.com/homes/80159338

    3600 Dr Martin Luther King Jr Street S St Petersburg, FL 33705

    • Price: $995,000
    • Status: Closed
    • Updated: 26 min ago
    • MLS #: U7845277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    12,196
    SQFT
    $68
    $/SQFT
    1963
    Built
    Neighborhood:
    Poiriers 9Th St Rep
    County:
    Pinellas
    Area:
    St Pete
    Property Description
    The property consists of 12 apartment units with One 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and Nine 1-Bedroom/1-Bath units that are 940 sqft each. The property is located directly across from Lake Maggori, Lake Maggori Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park consisting of 6 miles of trails, boardwalks and nature. The views will never be obstructed by development due to it being preserved land. The property has been in the same ownership for the last 18 years and should be considered a value add acquisition, as rents are far below market standards, that could be achieved with interior and exterior renovations. The 2 story property is concrete block construction with flat roofs and covered carport parking.Additional revenue could be garnered with the installation of onsite laundry facilitys, storage areas and sub metering systems. The property has maintained a consistently high occupancy level and benefits from excellent frontage on 9th St S.
    Exterior Features

    Carport Yn No Construction Materials BlockStucco Lot Features In City LimitsStreet Paved Lot Size Dimensions 0X0 Parking Features CoveredNone Pool Private Yn No Roof Built-Up Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central Air Heating Central

    Property Features

    Additional Parcels Yn No Annual Net Income 66868.00 Association Fee Requirement None Cdd Yn No Community Features Sidewalk Dpryn No Flood Zone Code Ae Garage Yn No Homestead Yn No Listing Terms CashConventionalFhaVa Loan New Construction Yn No Property Sub Type Multi-Family Realtor Info Brochure Available Senior Community Yn No Special Listing Conditions None Tax Annual Amount 10662 Tax Year 2017 Total Num Buildings 3 Utilities Public


    Listing information © 2018 Florida Regional MLS.
    Listing provided courtesy of Radiant Asset Management Inc.



    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-09-22T22:40:52.703.
     
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