5700 34TH Street N

    St Petersburg, FL 33714
    • $650,000
    • STATUS: Active
    • ON SITE: 309 days
    • MLS #: U7846749
    UPDATED: 21 min ago
    $650,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,076
      SQFT
    • $128
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    Description

    This is a great opportunity for investment! Building is now in the Lealman Community Redevelopment Area! Listing comes with the main lot (total of 3 lots) that has frontage on 34th St. N. There is currently a motel on the commercial lots with several options. Option 1: Revive as an active Hotel with 11 units plus an owners unit all in good shape for a 17%+ CAP Rate. Option 2: Create a Sober Living Facility and add on capacity along with a pool in the back. Option 3: Augment the existing units to longer term rentals. Option 4: Redevelop the parcel. Option 5: Non profit housing. All the units are semi-furnished and ready to be rented with minor updates.

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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 2018-12-10T11:41:27.14.
    www.onebluerealestate.com/homes/80491001

    5700 34TH Street N St Petersburg, FL 33714

    • Price: $650,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: U7846749
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    5,076
    SQFT
    $128
    $/SQFT
    1956
    Built
    Neighborhood:
    Fruit Haven
    County:
    Pinellas
    Area:
    St Pete
    Property Description
    This is a great opportunity for investment! Building is now in the Lealman Community Redevelopment Area! Listing comes with the main lot (total of 3 lots) that has frontage on 34th St. N. There is currently a motel on the commercial lots with several options. Option 1: Revive as an active Hotel with 11 units plus an owners unit all in good shape for a 17%+ CAP Rate. Option 2: Create a Sober Living Facility and add on capacity along with a pool in the back. Option 3: Augment the existing units to longer term rentals. Option 4: Redevelop the parcel. Option 5: Non profit housing. All the units are semi-furnished and ready to be rented with minor updates.
    Exterior Features

    Carport Yn No Construction Materials Block Exterior Features Fenced Lot Features In CountyNear Public TransitRoom For PoolSidewalkStreet Paved Lot Size Dimensions 150X120 Parking Features None Pool Private Yn No Roof Membrane Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Wall/Window Unit(S) Heating Electric Levels Two Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 0.00 Association Fee 0.00 Association Fee Requirement None Cdd Yn No Community Features Sidewalk Dpryn No Est Annual Market Income 130000.00 Flood Zone Code X Garage Yn No Homestead Yn No Listing Terms CashConventional New Construction Yn No Property Sub Type Multi-Family Realtor Info No SignSold As-Is Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4475 Tax Year 2017 Total Num Buildings 1 Utilities Cable AvailablePublic Zoning C-2


    Listing information © 2018 Florida Regional MLS.
    Listing provided courtesy of Charles Rutenberg Realty 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 2018-12-10T11:41:27.14.
     
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