Address
809 10TH AVENUE N St Petersburg, FL
Price
$ 999,000
Property Attributes
  • MLS#U8095709
  • TypePending
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • NeighborhoodKennedyS Subdivision
  • Zip33701
  • StyleMulti-Family
  • Year Built1920
  • Taxes7607
  • Price$ 999,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage3949
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
COPELAND MORGAN LLC
Property Description

Rare opportunity to own this stable 8-unit multifamily property with over a half-acre of land in desirable Historic Uptown, ideally situated close to downtown St Pete and only 1/4 mile from beautiful Crescent Lake park! The property consists of three buildings on one parcel (lot 12), as well as three additional parcels: Lot 10 is a 4000 sq ft MOL paved parking lot with 8 standard lined parking spaces and one large ADA accessible space. Lots 9 and 12 are currently vacant land, and may present a significant redevelopment opportunity in the future. The existing 8 residential apartment units (with a current rent roll of $7300/mo, and proforma rent roll of $8k/mo) are configured as follows: The yellow two-story building in front (809 10th Ave N) consists of 4 identical 442 sq ft 1/1 units with estimated market rent of $950/mo each. These units all feature mini-split HVAC systems. The middle two-story building (811 10th St N) consists of a large 684 sq ft 1/1 unit downstairs with estimated market rent of $1000/mo and and a recently renovated 2/1 unit upstairs currently rented for $1195. These units have central HVAC (Unit 6 HVAC is brand new 2020). Finally, the one-story rear building consists of two 1/1 units of approximately 450 sq ft each and estimated market rent of $1000 per unit. These units also have central HVAC (Unit 8 HVAC is also brand new 2020). Copper wiring with breaker panels, no roof leaks (latest roof permit appears to be 2012), per clean 4-point inspection from Jan 2019. No flood insurance required. Current and proforma rent rolls, operating statement, and video tours are included in MLS attachments or available from listing broker upon request. Zoning is NT-2, so development opportunities would be subject to the City's zoning and density requirements, but they aren't making any more land in Historic Uptown! Zoning/density does not appear to allow for development of additional dwelling units on vacant lots as-is, so any redevelopment may have to factor in demolition of existing structures and a new site plan after honoring existing leases. Alternatively, income producing garage, storage units, or laundry facility might be permitted. Buyer must verify zoning and density requirements or any proposed development with City of St Petersburg; Seller makes no claims or guaranties regarding redevelopment potential.

Elementary School Middle School High School
Woodlawn Elementary-PN John Hopkins Middle-PN St. Petersburg High-PN
Price History
8/25/2020 Listed $999,000

General Features

Additional Parcels Y/N Yes
Construction Materials Stucco, Vinyl Siding, Wood Frame
Cooling Central Air, Mini-Split Unit(s)
Elementary School Woodlawn Elementary-PN
Exterior Features Fenced, Lighting
Heating Electric
High School St. Petersburg High-PN
Levels Two
MLS Area 33701 - St Pete
Middle/Junior High School John Hopkins Middle-PN
Parking Features Assigned, Driveway, Off Street, Parking Pad
Property Description Walk-Up
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Subdivision Name KENNEDY'S SUBDIVISION
Terms Cash, Conventional, Other
Total Num Buildings 3
Total Units 8
Township 31
Utilities Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
View City, Garden
Year Built 1920
Zoning NT-2

Interior Features

Living Area 3949.00
Unit Count 8

Exterior Features

Foundation Details Crawlspace, Slab
Lot Features In City Limits, Irregular Lot
Lot Size Acres 0.50
Lot Size Square Feet 22110
Number of Lots 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33701

Price
AVG $640K
$1,000K
Taxes
AVG $6,198
$7,607
Visits
AVG 105
228
Year Built
AVG 1982
1920
Walkscore
AVG 85
79
Data Provided by Walkscore ® not using MLS data

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