966 22ND AVENUE S
Saint Petersburg, FL 33705
$3,700,000
40 beds | 1.37 acres | #TB8334819
For Sale
Description
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
• 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
• Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
• Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential.
• Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time.
• Flood Zone X: Located in a low-risk flood zone for added peace of mind.
• Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
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Property Details
- Interior:Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
- Bedrooms:40
- Exterior materials:Fence, Private Mailbox, Sidewalk
- Acres:1.37
- Property type:Multi-Family
- Year built:2008
- Foundation:Slab
- Sewer information:Public Sewer
- Utility source:Public
- Utility features:BB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connecte
- Subdivision:LAKEVIEW MANOR
- County:Pinellas
- Original List Price:$3, 700, 000
- Days on Market (Cumulative):2
- Taxes annual:$24, 882
- MLS #:TB8334819
- Cost:3700000
- Property subtype:Multi-Family
- MLS #:TB8334819
- Property condition:Completed
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Mirka del Amo
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: John Hatcherian
Listing Office: VINTAGE REAL ESTATE SERVICES
Mirka del AmoReal Estate Group
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
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Loan Amount
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