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    340 78TH Avenue

    St Pete Beach, FL 33706
    • $900,000
    • STATUS: Active
    • ON SITE: 133 days
    • MLS #: U8091236
    UPDATED: 33 min ago
    $900,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,647
      SQFT
    • $340
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    The 340 78th Avenue Apartments enjoys the ideal location of being in the heart of St Pete Beach, blocks from Upham Beach and Historic Corey Shopping Districts funky specialty shops, galleries, popular bars and restaurants. The Property is also just minutes to the mainland via the Pasadena Causeway. Activities abound in St Pete Beach, a town sprinkled with nostalgic Old Florida motels and inns, as well as the five-star Don CeSar, and Trade Winds Island Resorts. The Property is comprised of two structures; one consists of four adjacent one-bedroom units, and the other a detached two-bedroom residence. Long-term tenants sign annual leases, and have a history of on-time payment. Rents average $850 (one-bedrooms), and $1,187 (two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. The Property has been exceptionally well maintained. Recent capital improvements include, among others, upgraded electric and plumbing systems, new hurricane certified roof, reclaimed water irrigation system, and entire exterior paint. Apartments are equipped with a combination of Central and window HVAC systems. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been 100% occupied, and is projected to operate on an owner-managed basis with total expenses equaling approximately 50% of EGI, with expectation of minimal near-term capital expenditure requirements.

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    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-26T23:40:09.757.
    www.memoryhopkinsrealestate.com/homes/107948338
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    340 78TH Avenue St Pete Beach, FL 33706

    • Price: $900,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: U8091236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,647
    SQFT
    $340
    $/SQFT
    1948
    Built
    Neighborhood:
    St Petersburg Beach Rep
    County:
    Pinellas
    Area:
    St Pete/Pass A Grille Beach/St Pete Beach/Treasure Island
    Property Description
    The 340 78th Avenue Apartments enjoys the ideal location of being in the heart of St Pete Beach, blocks from Upham Beach and Historic Corey Shopping Districts funky specialty shops, galleries, popular bars and restaurants. The Property is also just minutes to the mainland via the Pasadena Causeway. Activities abound in St Pete Beach, a town sprinkled with nostalgic Old Florida motels and inns, as well as the five-star Don CeSar, and Trade Winds Island Resorts. The Property is comprised of two structures; one consists of four adjacent one-bedroom units, and the other a detached two-bedroom residence. Long-term tenants sign annual leases, and have a history of on-time payment. Rents average $850 (one-bedrooms), and $1,187 (two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. The Property has been exceptionally well maintained. Recent capital improvements include, among others, upgraded electric and plumbing systems, new hurricane certified roof, reclaimed water irrigation system, and entire exterior paint. Apartments are equipped with a combination of Central and window HVAC systems. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been 100% occupied, and is projected to operate on an owner-managed basis with total expenses equaling approximately 50% of EGI, with expectation of minimal near-term capital expenditure requirements.
    Exterior Features

    Carport Yn No Construction Materials BlockConcreteStucco Exterior Features FencedIrrigation SystemSidewalk Foundation Details Slab Lot Size Dimensions 50X142 Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Wall/Window Unit(S) Fireplace Yn No Heating Wall Units / Window Unit Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 28116.00 Association Yn No Cdd Yn No DPR No Flood Zone Code Ae Garage Yn No New Construction Yn No Property Sub Type Multi-Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 6074.36 Tax Year 2019 Total Num Buildings 2 Utilities Electricity ConnectedSewer ConnectedSprinkler RecycledWater Connected


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Coldwell Banker Residential.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-26T23:40:09.757.
     
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    93B Orange St.
    St. Augustine FL, 32084