966 22ND AVE S, ST PETERSBURG, FL, 33705
$3,500,000
Residential Income
Bedrooms
40
Bathrooms
40
Living Area
17,600 Sqft
Lot Size
59,775 Sqft
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.
Property Details
Property Features Property Features
MLS ID: MFRTB8334819 Year Built: 2008
Appliances: Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator Construction Materials: Concrete, Stucco
Cooling: Central Air Country: US
Disclosures: None Exterior Features: Fence, Private Mailbox, Sidewalk
Financial Data Source: Broker Flooring: Ceramic Tile
Foundation Details: Slab Furnished: Unfurnished
Heating: Central Laundry Features: Inside, Laundry Closet
Lease Term: Twelve Months Levels: One
Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant
Property Condition: Completed Property Sub Type: Multi-Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent, Listing Agent Must Accompany, See Remarks, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Trash Collection, Water Utilities: BB/HS Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Water Source: Public Window Features: Window Treatments
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