3365 57TH AVENUE N
St Petersburg, FL 33714
4350 sqft | 0.15 acres | #TB8339945
Description
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.
Property Details
- Elementary SchoolLealman Avenue Elementary-PN
- Exterior MaterialsCourtyard, Other, Storage
- InteriorCeiling Fans(s), Other
- Middle SchoolMeadowlawn Middle-PN
- High SchoolNortheast High-PN
- FoundationPillar/Post/Pier
- SubdivisionARCADIAN HEIGHTS
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$1,175,000
- MLS #TB8339945
- MLS #TB8339945
- CountyPinellas
- Taxes Annual$19,022
- Utility SourcePublic
- Utility FeaturesPublic
- Cost995000
- Acres0.15
- Square Feet4350
- Year Built1925
- Days on Market (Cumulative)36
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: Del Amo Realty
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Kim Meredith-Hampton (#MFR261015298)
Listing Office: ENGEL & VOLKERS ST. PETE (#MFR260032666)
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