637 75th Avenue, St Pete Beach, FL 33706

$849,000
2,212
SqFt
List Price
$849,000
Status
Pending
Days on Market
11
MLS#
U8097925
Property Style
Quadruplex
Year Built
1956
Living Area
2,212
Lot Size
5,375
Acres
0.12
Total Acreage
Up to 10, 889 Sq. Ft.
Legal Subdivision Name
St Petersburg Beach Rep
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

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.

Additional Information

Taxes
$3443
Community Features
No Deed Restriction
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Heating
Heat Pump
Air Conditioning
Central Air, Mini-Split Unit(s)
Exterior Construction
Block, Stucco
Exterior Features
Lighting, Other, Outdoor Grill, Outdoor Shower, Storage
Roof
Membrane
Foundation
Slab
Pool
No Pool
Flood Zone Code
AE
Parcel ID
36-31-15-77994-071-0100
Legal Description
ST PETERSBURG BEACH REPLAT BLK 71, LOT 10

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of KELLER WILLIAMS ST PETE REALTY.

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