Price Reduction
Address
9001 DR MARTIN LUTHER KING JR STREET N St Petersburg, FL
Price
$ 649,900
Property Attributes
  • MLS#U8123047
  • TypePending
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • NeighborhoodGeorgian Terrace
  • Zip33702
  • StyleMulti-Family
  • Year Built1967
  • Taxes$ 7357
  • Price$ 649,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2002
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
DALTON WADE INC
Data Source:
Stellar MLS
Property Description

Daycare that can be easily converted to 6plex assisted living facility. Zoning allows this to be a multifamily and the kitchens and bathrooms are in place for it to be a multifamily. Potential rent for 6plex is $94,000 a year. This is only 9 min away from St Pete downtown and 15 min from TOP RATED USA beaches. This is a two building property with a large lot (over 17,000+ sq ft.) and plenty of parking space. There are two 2/1s and four 1/1s, each with washer and dryer hook ups. The property is BLOCK and one level with a garden/courtyard in the center. Build a dog park or use it as additional parking or you can even tear the building down and build a two story property, the OPPORTUNITIES ARE ENDLESS. Duplexes down the street are selling for upwards of 300k + (google 781 73rd, 470 93rd and 486 88th- lots of comparables for sales and rents). 2/1s are expected to be rented for $1,250-$1,300 and the 1/1s rent market rates are $1,100. TAMPA BAY IS A HOT MARKET - For the second month in a row, the Tampa-St. Petersburg-Clearwater metro area had the second best job index, according to the Small Business Employment Watch by Paychex. St. Petersburg has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5% (source- bestplaces.net)

Price History
5/12/2021 Listed $699,900
6/1/2021 8% - $649,900

General Features

Construction Materials Concrete
Cooling Central Air
Flooring Linoleum, Vinyl
Heating Central
MLS Area 33702 - St Pete
Property SubType Multi-Family
Property Type Commercial Sale
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Subdivision Name GEORGIAN TERRACE
Total Num Buildings 2
Township 30
Year Built 1967

Interior Features

Living Area 2002.00

Exterior Features

Building Area Total 4643.00
Foundation Details Slab
Lot Size Acres 0.40
Lot Size Square Feet 17420
Road Frontage Type Other

Amenities

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

Property vs Pending Average in 33702

Price
AVG $360K
$650K
Taxes
AVG $3,259
$7,357
Visits
AVG 85
32
Year Built
AVG 1976
1967

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