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

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