Real Estate Companies Venice, FL

Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three-income-producing property in Pinellas County has endless value-add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.

Property Details

Property Features
MLS ID:	MFRTB8339945	Year Built:	1925
Appliances:	Microwave, Range, Refrigerator	Construction Materials:	Other, Stucco
Cooling:	Wall/Window Unit(s)	Country:	US
County Or Parish:	Pinellas	Exterior Features:	Courtyard, Other, Storage
Foundation Details:	Pillar/Post/Pier	Heating:	Ductless
Laundry Features:	None	Listing Agreement:	Exclusive Right To Sell
Listing Terms:	Cash, Conventional, FHA, Other, VA Loan	Occupant Type:	Tenant
Property Sub Type:	Multi Family	Property Type:	Residential Income
Road Surface Type:	Gravel	Roof:	Shingle
Sewer:	Public Sewer	Showing Requirements:	ShowingTime
Special Listing Conditions:	None	Standard Status:	Active
State Or Province:	FL	Utilities:	Public
Water Source:	Public

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