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    9001 Dr Martin Luther King Jr Street N

    St Petersburg, FL 33702
    • $699,900
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: U8119324
    Price Reduced
    UPDATED: 44 min ago
    $699,900
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,052
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Description

    Daycare that can be easily converted to 6plex assisted living facility. Zoning allows this to be a multifamily and the kitchens and bathrooms are in place for it to be a multifamily. Potential rent for 6plex is $94,000 a year. This is only 9 min away from St Pete downtown and 15 min from TOP RATED USA beaches. This is a two building property with a large lot (over 17,000+ sq ft.) and plenty of parking space. There are two 2/1s and four 1/1s, each with washer and dryer hook ups. The property is BLOCK and one level with a garden/courtyard in the center. Build a dog park or use it as additional parking or you can even tear the building down and build a two story property, the OPPORTUNITIES ARE ENDLESS. Duplexes down the street are selling for upwards of 300k + (google 781 73rd, 470 93rd and 486 88th- lots of comparables for sales and rents). 2/1s are expected to be rented for $1,250-$1,300 and the 1/1s rent market rates are $1,100. TAMPA BAY IS A HOT MARKET - For the second month in a row, the Tampa-St. Petersburg-Clearwater metro area had the second best job index, according to the Small Business Employment Watch by Paychex. St. Petersburg has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5% (source- bestplaces.net)

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    © 2021 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 2021-05-13T23:39:58.073.
    www.memoryhopkinsrealestate.com/homes/116016314
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    9001 Dr Martin Luther King Jr Street N St Petersburg, FL 33702

    • Price: $699,900
    • Status: Active
    • Updated: 44 min ago
    • MLS #: U8119324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    4,052
    SQFT
    $173
    $/SQFT
    1967
    Built
    Neighborhood:
    Georgian Terrace
    County:
    Pinellas
    Area:
    St Pete
    Property Description
    Daycare that can be easily converted to 6plex assisted living facility. Zoning allows this to be a multifamily and the kitchens and bathrooms are in place for it to be a multifamily. Potential rent for 6plex is $94,000 a year. This is only 9 min away from St Pete downtown and 15 min from TOP RATED USA beaches. This is a two building property with a large lot (over 17,000+ sq ft.) and plenty of parking space. There are two 2/1s and four 1/1s, each with washer and dryer hook ups. The property is BLOCK and one level with a garden/courtyard in the center. Build a dog park or use it as additional parking or you can even tear the building down and build a two story property, the OPPORTUNITIES ARE ENDLESS. Duplexes down the street are selling for upwards of 300k + (google 781 73rd, 470 93rd and 486 88th- lots of comparables for sales and rents). 2/1s are expected to be rented for $1,250-$1,300 and the 1/1s rent market rates are $1,100. TAMPA BAY IS A HOT MARKET - For the second month in a row, the Tampa-St. Petersburg-Clearwater metro area had the second best job index, according to the Small Business Employment Watch by Paychex. St. Petersburg has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5% (source- bestplaces.net)
    Exterior Features

    Carport Yn No Construction Materials Concrete Exterior Features Fenced Foundation Details Slab 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 Air Fireplace Yn No Flooring LinoleumVinyl Heating Central Interior Features Living Room/Dining Room Combo Laundry Features Outside Levels One Sewer Public Sewer Water Source Public

    Property Features

    Additional Lease Restrictions None Additional Parcels Yn No Annual Net Income 84000.00 Association Yn No Available For Lease Yn Yes Cdd Yn No Disclosures Lead Paint DPR No Flood Zone Code Ae Garage Yn No Homestead Yn No New Construction Yn No Property Sub Type Multi-Family Realtor Info Subject To Zoning Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7357.00 Tax Year 2020 Total Num Buildings 2 Utilities Cable Available


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Dalton Wade Inc.



    © 2021 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 2021-05-13T23:39:58.073.
     
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