$695,000

525 Monterey Boulevard NE

ST PETERSBURG FL, 33704

Description

Multifamily 5 unit income property in beautiful Snell Isle neighborhood! This building is surrounded by a gorgeous walkable neighborhood! The Vinoy Golf Club, a Donald Ross-designed 18-hole golf course, is a half mile away! Snell Isle has many single-family homes selling in the $1 million-$4.5 million range. The surrounding charming palm tree-lined streets are laid with brick or cobblestones. There is not many income properties in this neighborhood that come on the market so get it before it is gone! This building is only 2 miles from all the bustle of Downtown St Petersburg and 10.8 miles from St Petersburg Beach. This property has many buyer options! (1.) Owner/Operator who manages the 5 unit building (2.) Conversion to Single Family Residential, Zoned NS-1 (3.)Remodeled, or (4.)Torn down and Replaced (max 5 units after city of St Pete approval of the Redevelopment Plan). Four of the 1 bedroom 1 bath units have a walk in closet, separate storage closet, and a Florida Room OR Screened Patio. Four units have a back patio ENTERTAINING area as well. The back patio is PERFECT for outdoor friend get-togethers or dinner parties complete with added Cozy String Lights! The fifth second floor 1 bedroom unit does not have a patio. Income-producing coin laundry room on site. There are 2 carport spaces and 5 more off street parking spots**Market non-renovated rents estimated at $1150-1250 per month w/water/trash/sewer included. SO MUCH FUTURE INCOME POTENTIAL. Buyer to verify all information in this listing

Details

MLS#T3198877
Sub-TypeResale
StatusActive
Year1958
Days On Site82

Features

SQ Feet2,886
Units5
Building(s)1

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Area Information

StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33704
Area33704 - St Pete/Euclid
Listing VS Median (in 33704)
Price:
$695,000
low | high
Med:
$632,500
58.992805755396% of Average
SqFt:
2,886
low | high
Med:
2,246
72.193347193347% of Average
$ / SqFt:
$241
low | high
Med:
$285
31.828123819064% of Average
On Site:
82
low | high
Med:
83.5
98.203592814371% of Average
Listing Updated: 12/06/2019
MLS Number: T3198877
Listing Provided By:
Nicole Srur  of  FUTURE HOME REALTY INC

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