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    349 78TH Avenue

    St Pete Beach, FL 33706
    • $720,000
    • STATUS: Active
    • ON SITE: 133 days
    • MLS #: U8091237
    UPDATED: 82 min ago
    $720,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,256
      SQFT
    • $319
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    The 349 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. Comprised of a single structure consisting of three one-bedroom units, and a spacious two-bedroom unit featuring Central HVAC, the Property has just undergone thorough, and extensive renovations with new tenants having taken occupancy November 1st subject to twelve-month leases (one-bedrooms $1,000, and $1,250 two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. Intending to bring the Property essentially 100% hurricane compliant, the just-completed renovations include installation of an entirely new hip roof (the construction of which included new roof joists), upgraded electric and plumbing systems, new Central HVAC (two-bedroom unit), exterior paint, with new fencing and landscape to include reclaimed water irrigation. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been, and is now, 100% occupied. It is projected to operate on an owner-managed basis with total expenses equal to approximately 46% 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/107948340
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    349 78TH Avenue St Pete Beach, FL 33706

    • Price: $720,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: U8091237
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,256
    SQFT
    $319
    $/SQFT
    1946
    Built
    Neighborhood:
    St Petersburg Beach Rep
    County:
    Pinellas
    Area:
    St Pete/Pass A Grille Beach/St Pete Beach/Treasure Island
    Property Description
    The 349 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. Comprised of a single structure consisting of three one-bedroom units, and a spacious two-bedroom unit featuring Central HVAC, the Property has just undergone thorough, and extensive renovations with new tenants having taken occupancy November 1st subject to twelve-month leases (one-bedrooms $1,000, and $1,250 two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. Intending to bring the Property essentially 100% hurricane compliant, the just-completed renovations include installation of an entirely new hip roof (the construction of which included new roof joists), upgraded electric and plumbing systems, new Central HVAC (two-bedroom unit), exterior paint, with new fencing and landscape to include reclaimed water irrigation. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been, and is now, 100% occupied. It is projected to operate on an owner-managed basis with total expenses equal to approximately 46% 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 50X125 Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

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

    Property Features

    Additional Parcels Yn No Annual Net Income 27125.00 Association Yn No Cdd Yn No DPR No Flood Zone Code Ae Garage Yn No New Construction Yn No Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4183.51 Tax Year 2019 Total Num Buildings 1 Utilities Electricity AvailableSewer AvailableWater Available


    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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