Price Reduced 15.32%
Price History
$1,175,000
1/29/2025
$1,100,000
2/18/2025
$995,000
3/5/2025
3365 57TH AVENUE N, St. Petersburg, FL, 33714
0 beds
1925
3,800 sqft
Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
9
Subdivision:
ARCADIAN HEIGHTS
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Acreage:
0.15
Est. Taxes:
$19,022
Construction
Other, Stucco
Utilities
Public
Elementary School:
Lealman Avenue Elementary-PN
Middle School:
Meadowlawn Middle-PN
High School:
Northeast High-PN
Days on Market:
45
Appliances:
Microwave, Range, Refrigerator
MLS #:
TB8339945
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of ENGEL & VOLKERS ST. PETE Phone: 727-295-0000