966 22ND AVENUE S
Saint Petersburg, FL 33705
40 beds | 1.37 acres | #TB8334819
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.
Call for details.
Property Details
- Utility FeaturesBB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connecte
- InteriorCeiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
- Exterior MaterialsFence, Private Mailbox, Sidewalk
- SubdivisionLAKEVIEW MANOR
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$3,700,000
- MLS #TB8334819
- MLS #TB8334819
- Property ConditionCompleted
- CountyPinellas
- Taxes Annual$24,882
- Cost3700000
- Utility SourcePublic
- Acres1.37
- Year Built2008
- FoundationSlab
- Bedrooms40
- Days on Market (Cumulative)2
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: Amy Gates
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: John Hatcherian (#MFR261545377)
Listing Office: VINTAGE REAL ESTATE SERVICES (#MFR771072)
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.
