7304 COQUINA WAY, ST PETE BEACH, FL, 33706
$884,900
Residential Income
|
Bedrooms
5
|
Bathrooms
4
|
Living Area
2,156 Sqft
|
Lot Size
5,375 Sqft
|
Exceptional investment opportunity in St. Pete Beach. Renovations to the two first-floor apartments have been completed and inspected by the City of St. Pete Beach, including new bathrooms, cabinets, two new electrical panels, complete rewiring, all-new outlets, new appliances, and more. The property also features a brand-new roof, adding long-term value and peace of mind. All work has been performed and guaranteed by licensed contractors. The owner is willing to assist with buyer closing costs. Located in one of the nation’s most celebrated beach destinations, renowned for its soft, powdery sand and serene, crystal-clear waters, this exceptional, fully furnished, multi-unit property presents a rare investment opportunity with both immediate income and long-term value. This well-maintained fourplex features four distinct units within a single, solid-block building, offering significant savings on insurance costs. Each apartment has its own electric meter, ensuring tenant autonomy and simplifying property management. The sprinkler system is fully operational, reflecting the high maintenance standards upheld by the current owners, who have resided on-site for many years. The property includes three 1-bedroom, 1-bathroom units, two currently rented short-term and one occupied by a long-term tenant for over 10 years, and one 2-bedroom, 1-bathroom unit currently used as the owner’s private residence. Average rental income is approximately $1,800 per month for a 1-bedroom and $2,400 for a 2-bedroom. There is also potential for a fifth apartment in the garage, which already has two drains in place for a bathroom and kitchen, offering an additional revenue stream. This is a turnkey investment in a premier St. Pete Beach location, ideal for capitalizing on one of Florida’s most sought-after coastal markets. Don’t miss this chance to acquire a high-quality, income-generating property in a prime beachside setting. The seller is highly motivated and open to working collaboratively with qualified buyers to achieve a smooth and successful transaction.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRS5112294 | Year Built: | 1950 | |
| Construction Materials: | Block | Cooling: | Central Air, Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Rain Gutters, Sidewalk, Storage | Foundation Details: | Slab | |
| Heating: | Central, Electric, Ductless | Laundry Features: | Laundry Room | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Public | |
| Water Source: | Public | |||
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