Skip To Content
    Return to Previous Page

    637 75TH Avenue

    St Pete Beach, FL 33706
    • $849,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: U8097925
    UPDATED: 35 min ago
    $849,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,212
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Fantastic location. 200' from the water. Walk to the 20+ Bars and Restaurants on Corey Ave and the Waterfront. 2 mins to the beaches by car. 5 mins by bike.Newly renovated, turn-key mid-century St. Pete Beach retreat. A true retreat with its new modern beach decor. Located just off of historic Corey Ave. with walking, biking, or a short driving distance to everything St Pete Beach area has to offer! This space has everything you need to ensure guests have a great escape to paradise.The Spaces:Building 1: 2 1 Bedroom, 1 bath units (approx. 630 sqft each). Building 2: 2 1 Bedroom, 1 bath units (approx. 600 sqft and 400 sqft).Building 1: 2 units. Unit 2: 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.Unit 3: Identical layout as Unit 2, but mirrored. 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.Building 2: 2 units. Unit 1: 1 bedroom, 1 bathroom owners unit is decked out to the hilt. No expense spared on the completed renovation. Must see to believe!Unit 4: 1 bedroom, 1 bathroom unit. This is the only unit of the 4 that needs some updating. Add a full kitchen, paint and add new floors (maybe $10k?) to see the rental income jump!Outdoor Space: Shared courtyard with separate seating and dining areas along with private fenced backyard seating in Units 2 and 3 as well.Current guest access:The front door has an electronic lock, the key code is currently provided before arrival to guests. There is plenty of free on-street parking at the front of the house as well as several off-street spaces.The intercoastal is just steps away from the property with great fishing, beach is a short walk or bike ride away, 20+ bars/restaurants within 6 blocks plus all that St Pete Beach has to offer!Income Model:Owners have not rented Unit 1 or Unit 4 before. They have lived in Unit 1 and have had family living in Unit 4. Additionally, several of the properties have been off-line for renovation within the last 12 months, skewing the potential income. In addition, the current owners have extended Units 2/3 to family during certain months without cost, further skewing the potential income.The pro-forma NOI on rents was run at full availability together with different levels of occupancy. The new estimated tax has been included to produce a true to life estimate of expected NOI with a knowledgeable investor running the property for income.Please contact agent for full Proforma.

    Monthly Payment Calculator




    © 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 2020-11-30T09:41:45.503.
    www.memoryhopkinsrealestate.com/homes/110027067
    Print Image

    637 75TH Avenue St Pete Beach, FL 33706

    • Price: $849,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: U8097925
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,212
    SQFT
    $384
    $/SQFT
    1956
    Built
    Neighborhood:
    St Petersburg Beach Rep
    County:
    Pinellas
    Area:
    St Pete/Pass A Grille Beach/St Pete Beach/Treasure Island
    Property Description
    Fantastic location. 200' from the water. Walk to the 20+ Bars and Restaurants on Corey Ave and the Waterfront. 2 mins to the beaches by car. 5 mins by bike.Newly renovated, turn-key mid-century St. Pete Beach retreat. A true retreat with its new modern beach decor. Located just off of historic Corey Ave. with walking, biking, or a short driving distance to everything St Pete Beach area has to offer! This space has everything you need to ensure guests have a great escape to paradise.The Spaces:Building 1: 2 1 Bedroom, 1 bath units (approx. 630 sqft each). Building 2: 2 1 Bedroom, 1 bath units (approx. 600 sqft and 400 sqft).Building 1: 2 units. Unit 2: 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.Unit 3: Identical layout as Unit 2, but mirrored. 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.Building 2: 2 units. Unit 1: 1 bedroom, 1 bathroom owners unit is decked out to the hilt. No expense spared on the completed renovation. Must see to believe!Unit 4: 1 bedroom, 1 bathroom unit. This is the only unit of the 4 that needs some updating. Add a full kitchen, paint and add new floors (maybe $10k?) to see the rental income jump!Outdoor Space: Shared courtyard with separate seating and dining areas along with private fenced backyard seating in Units 2 and 3 as well.Current guest access:The front door has an electronic lock, the key code is currently provided before arrival to guests. There is plenty of free on-street parking at the front of the house as well as several off-street spaces.The intercoastal is just steps away from the property with great fishing, beach is a short walk or bike ride away, 20+ bars/restaurants within 6 blocks plus all that St Pete Beach has to offer!Income Model:Owners have not rented Unit 1 or Unit 4 before. They have lived in Unit 1 and have had family living in Unit 4. Additionally, several of the properties have been off-line for renovation within the last 12 months, skewing the potential income. In addition, the current owners have extended Units 2/3 to family during certain months without cost, further skewing the potential income.The pro-forma NOI on rents was run at full availability together with different levels of occupancy. The new estimated tax has been included to produce a true to life estimate of expected NOI with a knowledgeable investor running the property for income.Please contact agent for full Proforma.
    Exterior Features

    Carport Yn No Construction Materials BlockStucco Exterior Features LightingOtherOutdoor GrillOutdoor ShowerStorage Foundation Details Slab Lot Size Dimensions 50X107 Patio And Porch Features OtherPatioRear Porch Pool Private Yn No Roof Membrane Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central AirMini-Split Unit(S) Fireplace Yn No Heating Heat Pump Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 73135.00 Association Yn No Cdd Yn No DPR No Flood Zone Code Ae Garage Yn No Homestead Yn Yes Listing Terms CashConventional New Construction Yn No Planned Unit Development Yn No Property Condition Completed Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 3443.59 Tax Year 2019 Total Num Buildings 2 Utilities Bb/Hs Internet AvailableCable AvailableCable ConnectedElectricity AvailableElectricity ConnectedPhone AvailablePublicSewer ConnectedWater Connected


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Keller Williams St Pete Realty.



    © 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 2020-11-30T09:41:45.503.
     
    https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8097925-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8097925-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8097925-2.jpg
    Logo
    Memory Hopkins Real Estate
    93B Orange St.
    St. Augustine FL, 32084