$2,200,000
$2,200,000
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5,411 SqFt
SOLD DATE : 10/26/2022
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,411 sqft
Price per Sqft $406
Subdivision Mitchells Sub Of Moffetts
MLS Listing ID U8139724
Sold Date 10/26/22
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $8,866
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 118x134
Property Description
Many possible opportunities for redevelopment. Property has DC-2 zoning. Currently operated as a 12 unit apartment building with two vacant adjoining lots. Four 1 bedroom units and eight studio units. All units have full kitchens. 1 bedroom units lease for $650 and should be leasing for $1000 plus per month and studio units lease for $550 to $625 per month and should be at $700 per month. All current leases are month to month, but most of the tenants have been long term occupants. Roof was replaced in 2020 and central air has recently been installed in two of the 1BR units. Electric has been updated and each unit is metered separately. Plumbing has also been updated. There is an alley right of way behind the property that runs parallel to the overpass. Many new residential developments in the immediate area. Only a few blocks North of the Central Avenue Edge District.
Location
State FL
County Pinellas
Community Mitchells Sub Of Moffetts
Zoning DT C2
Direction N
Interior
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Vinyl
Appliance Refrigerator
Exterior
Utilities Available Public, Water Connected
Roof Type Shingle
Building
Story 2
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Asbestos, Wood Frame
New Construction false
Construction Status Financing,Inspections
Others
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with RE/MAX METRO
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