Active
966 22ND AVE S
ST PETERSBURG FL, 33705
$3,500,000
$198.86 per sqft
Active
40 Beds
40 Baths
17,600 sqft
Multi-family
Built in 2008
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential
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.
Call for details.
TB8334819
MLSⓇ ID
January 4, 2025
Listed
January 31, 2025
Updated
Map
966 22ND AVE S
ST PETERSBURG FL, 33705
Interior Features
Total Stories
1
Bedrooms
40
Total Bathrooms
40
Interior Features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Laundry Description
Inside, Laundry Closet
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.37 Acres
Exterior Features
Fence, Private Mailbox, Sidewalk
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33705 - St Pete
Taxes
$24,882
Tax Frequency
Annually
Days on Market
27
Association Fee Frequency
Monthly
Garage
No
View
No
County
Pinellas
Municipality
31
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
1/31/2025 | Price change | $3,500,000 -6% |
Listed by VINTAGE REAL ESTATE SERVICES
Listing Contact: 813-684-0001
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Data last updated 1/31/2025, 3:37 PM UTC
