Pending
310 78TH AVE
ST PETE BEACH FL, 33706
$1,340,000
$446.67 per sqft
Pending
3,000 sqft
Multi-family
Built in 1947
Under contract-accepting backup offers. Turn-Key 6-Unit Investment Property on Saint Pete Beach: Perfect for 1031-Exchange Buyers with Flexible Financing
This newly updated 6-unit property on Saint Pete Beach offers an outstanding investment opportunity with owner financing available at a minimum of 20% down--ideal for 1031-Exchange buyers seeking a tax-advantaged purchase. Situated in a highly desirable area, this property is not just about location; it's about smart, strategic investing in a booming market.
Key Investment Highlights:
Prime Location: Only a 5-minute drive from the nearest hospital, this property is perfectly positioned to attract traveling nurses and mid-term renters. Its proximity to several other healthcare facilities further enhances its rental appeal.
Comprehensive Upgrades: Recent improvements include new appliances, updated electrical panels, efficient HVAC systems, and a brand-new roof, ensuring minimal maintenance costs and maximum tenant satisfaction. Freshly painted with new landscaping, the property boasts excellent curb appeal--an important factor in attracting high-quality tenants. And ample space to put in a new pool to maximize rents.
High Demand Area: Located next to the Saint Pete Beach Recreation Center and neighboring popular hotspots like Mastry's Brewing Co. and Riptides, tenants have access to a vibrant community. Just one block from Corey Avenue, with its shops, restaurants, and the Sunday Market, and a quick 10-minute drive to Pass-a-Grille Beach, this property is ideally situated to offer the best of beachside living.
Strong Rental Income Potential: The combination of its location, condition, and amenities makes this property an excellent candidate for both short-term and mid-term rentals. Its proximity to the healthcare sector adds a stable, year-round tenant base, reducing vacancy risk.
Flexible Financing: With owner financing available, investors can secure this property with a minimum of 20% down, making it accessible for those looking to leverage their capital. This flexibility is particularly appealing to 1031-Exchange buyers looking to reinvest with tax advantages.
Future Value Appreciation: Given the ongoing popularity of Saint Pete Beach as both a tourist destination and a sought-after residential area, this property is well-positioned for future value appreciation, offering both immediate rental income and long-term capital growth.
This property checks all the boxes for savvy investors: strategic location, comprehensive updates, strong rental potential, and flexible financing. It's a rare opportunity to secure a turn-key investment in one of Florida's most desirable beach communities. Don't let this opportunity pass you by!
| Unit 1 | 1/1 | 375 | $1,600.00 |
| Unit 2 | 1/1 | 375 | $1,600.00 |
| Unit 3 | 1/1 | 375 | $1,395.00 |
| Unit 4 | 1/1 | 375 | $1,600.00 |
| Unit 5 | 1/1 | 555 | $1,895.00 |
| Unit 6 | 2/2 | 800 | $2,800.00 |
U8255200
MLSⓇ ID
August 28, 2024
Listed
September 17, 2024
Updated
Map
310 78TH AVE
ST PETE BEACH FL, 33706
Interior Features
Interior Features
Open Floorplan
Laundry Description
Electric Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.33 Acres
Exterior Features
Balcony
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Taxes
$1,802
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Pinellas
Municipality
31
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/4/2024 | Pending | — |
Listed by LPT REALTY, LLC
Listing Contact: 877-366-2213
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Data last updated 9/17/2024, 4:11 AM UTC