310 78th Ave , ST PETE BEACH, FL 33706
ST PETE BEACH, FL 33706
Description
Under contract-accepting backup offers. Turn-Key 6-Unit Investment Property on Saint Pete Beach: Perfect for 1031-Exchange Buyers with Flexible Financing This newly updated 6-unit property on Saint Pete Beach offers an outstanding investment opportunity with owner financing available at a minimum of 20% downideal for 1031-Exchange buyers seeking a tax-advantaged purchase. Situated in a highly desirable area, this property is not just about location; it’s about smart, strategic investing in a booming market. Key Investment Highlights: Prime Location: Only a 5-minute drive from the nearest hospital, this property is perfectly positioned to attract traveling nurses and mid-term renters. Its proximity to several other healthcare facilities further enhances its rental appeal. Comprehensive Upgrades: Recent improvements include new appliances, updated electrical panels, efficient HVAC systems, and a brand-new roof, ensuring minimal maintenance costs and maximum tenant satisfaction. Freshly painted with new landscaping, the property boasts excellent curb appealan important factor in attracting high-quality tenants. And ample space to put in a new pool to maximize rents. High Demand Area: Located next to the Saint Pete Beach Recreation Center and neighboring popular hotspots like Mastry’s Brewing Co. and Riptides, tenants have access to a vibrant community. Just one block from Corey Avenue, with its shops, restaurants, and the Sunday Market, and a quick 10-minute drive to Pass-a-Grille Beach, this property is ideally situated to offer the best of beachside living. Strong Rental Income Potential: The combination of its location, condition, and amenities makes this property an excellent candidate for both short-term and mid-term rentals. Its proximity to the healthcare sector adds a stable, year-round tenant base, reducing vacancy risk. Flexible Financing: With owner financing available, investors can secure this property with a minimum of 20% down, making it accessible for those looking to leverage their capital. This flexibility is particularly appealing to 1031-Exchange buyers looking to reinvest with tax advantages. Future Value Appreciation: Given the ongoing popularity of Saint Pete Beach as both a tourist destination and a sought-after residential area, this property is well-positioned for future value appreciation, offering both immediate rental income and long-term capital growth. This property checks all the boxes for savvy investors: strategic location, comprehensive updates, strong rental potential, and flexible financing. It’s a rare opportunity to secure a turn-key investment in one of Florida’s most desirable beach communities. Don’t let this opportunity pass you by! | Unit 1 | 1/1 | 375 | $1,600.00 | | Unit 2 | 1/1 | 375 | $1,600.00 | | Unit 3 | 1/1 | 375 | $1,395.00 | | Unit 4 | 1/1 | 375 | $1,600.00 | | Unit 5 | 1/1 | 555 | $1,895.00 | | Unit 6 | 2/2 | 800 | $2,800.00 |
Details
| MLS# | U8255200 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | For-sale |
| Status | Pending |
| Year | 1947 |
| Days On Site | 22 |
| Listing Provided By | LPT REALTY, LLC | Jason White |
Features
| SQ Feet | 3,000 |
|---|---|
| Units | 6 |
| Acreage | 0.33 |
Market Activity 33706
Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 18, 2024 at 3:07:58 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.Request a showing
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Learn More About This Property
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETE BEACH |
| Zip Code | 33706 |
| Area | 33706 Pass a Grille Bch | St Pete Bch | Treasure Isl |
| Community Name | ST JO MAR CONDO |
| Listing VS Median (in ST JO MAR CONDO) | |
Price: $1,340,000 low | high Med: $1,340,000 SqFt: 3,000 low | high Med: 3,000 $ / SqFt: $447 low | high Med: $447 On Site: 22 low | high Med: 22.000000 | |