40 Beds
40 Baths
17,600 SqFt
40 Beds
40 Baths
17,600 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,600 sqft
Price per Sqft $210
Subdivision Lakeview Manor
MLS Listing ID TB8334819
Bedrooms 40
HOA Y/N No
Originating Board Stellar MLS
Year Built 2008
Annual Tax Amount $24,882
Lot Size 1.370 Acres
Acres 1.37
Lot Dimensions 200x255 + 192 x 45
Property Description
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.
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Location
State FL
County Pinellas
Community Lakeview Manor
Direction S
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Fence, Private Mailbox, Sidewalk
Utilities Available BB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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