Sarasota's Premier Homes

1750 2ND AVENUE N

ST PETERSBURG, FL 33713

MLS#: T3466515

$2,800,000

Status: Active
Listing number: T3466515
Listing provided by: MCBRIDE KELLY & ASSOCIATES
Listing agent phone: None
Last update: 10 months ago
On site: 2 years ago
Browse Properties
FULLERS SUB - Residential Income

Property

Beds

33

Full Baths

None

1/2 Baths

None

Year Built

2023

Sq.Footage

480

Pre-Construction. To be built. Pre-Construction. To be built. INCREDIBLE SITE AND PLAN APPROVED, ground up construction, multi family opportunity. Located in one of the HOTTEST rent districts in the Tampa/St Pete area, as well as being a top ranked location in Forbes magazine. Walking distance to all the best restaurants, the pier, bars, local art galleries, and all the bay area has to offer! This desirable location is called the Edge District of downtown St Pete. Don't forget you are also just miles away from the TOP TWO out of three ranked beaches in the country. Architectural plans and construction bids available upon request. 33 New Construction Rental Apartments with high rent yields. Seller is looking to sell interest in land for 3.3 million. Construction bids are approximately 7 million

Features & Amenities

Interior

  • Total Bedrooms

    33

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Block, Frame

  • Other Exterior Features

    Balcony, Courtyard, Garden, Lighting, Outdoor Grill

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.15

  • Lot Size(square feet)

    6351.0

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,800,000

  • Tax Amount

    $3,558.1

  • Sq. Footage

    480

  • Price/SqFt

    $5,833

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    YES

  • Foundation Details

    Block

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    7

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Middle School

High School

Listing Courtesy of Craig Clark , MCBRIDE KELLY & ASSOCIATES

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Pre-Construction. To be built. Pre-Construction. To be built. INCREDIBLE SITE AND PLAN APPROVED, ground up construction, multi family opportunity. Located in one of the HOTTEST rent districts in the Tampa/St Pete area, as well as being a top ranked location in Forbes magazine. Walking distance to all the best restaurants, the pier, bars, local art galleries, and all the bay area has to offer! This desirable location is called the Edge District of downtown St Pete. Don't forget you are also just miles away from the TOP TWO out of three ranked beaches in the country. Architectural plans and construction bids available upon request. 33 New Construction Rental Apartments with high rent yields. Seller is looking to sell interest in land for 3.3 million. Construction bids are approximately 7 million

1750 2ND AVENUE N

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Related Properties

Melrose Place Apartments is a unique 7 unit multifamily property situated among luxury homes in Historic Old Northeast St Petersburg, Florida. Living here means tenants are minutes to the iconic “Beach Drive Scene”, St Pete’s de facto hub for an expansive variety of fine dining and entertainment, sophisticated nightlife, chic galleries, and superb people watching. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes, exquisite Historic Old Northeast is considered by many St Pete’s most affluent and prestigious neighborhood. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New Pete Pier, Watch Discovery Center and Museum of History, to name a few. Each of the Melrose Place one-bedroom one-bath apartments, averaging approximately 600 sq ft, recently underwent a full gut-rehab down to the studs. Tenants sign traditional 12-month leases. One apartment is partially furnished. Based on the Seller’s current income and taking into consideration the Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase, the $2,500,000 Offer Price represents approximately a 4% Cap Rate. All utilities, as well as Internet / WiFi connectivity, are paid by the Owner via master meters with full reimbursement per monthly charge to tenants. Subject to all other terms and conditions of a formal written offer the Owner will consider Seller Financing and providing ongoing Management Services. Acquisition of Melrose Place is ideally suited for discerning investors seeking to establish a foothold in prestigious Historic Old Northeast. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Melrose Place Apartments.
#TB8495708

ST PETERSBURG

121 18TH AVENUE N

7 Beds

None Baths

3,180 Sq.Ft.

$2,500,000

MLS#: TB8495708

- property

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