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9956123
9956124

1503 9th St N, St. Petersburg, FL 33704

JT Multifamilty Team
Listed by JT Multifamilty Team
$4,375,000
1219 days on market
Updated 149 days ago

Uptown Suites (35 Rooms)

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,448
Net Rentable (SqFt) 10,216
Units 35
Cap Rate 11.13%
NOI $486,960
Price per SqFt $266
Year Built 1960
Year Renovated 2022
Buildings 2
Stories 2
Zoning 18-31-17-43182-000-0010
Ownership Fee Simple

Multifamily | 35 Units | $125,000/unit

Marketing description

  • Premium Location in the Heart of Desirable St. Petersburg

  • All Rooms were Renovated in 2022; Mix of Studio, One-Bedroom and Two-Bedroom Floor Plans

  • Close Proximityto a Growing Downtown St. Petersburgand Retail/Restaurants on 4th Street

  • Concrete Block Construction Renovated in 2022

  • New Exterior Building Paint

  • Less Than Ten Minutes to University of South Florida St. Petersburg Campus

  • Great market for long term stays and monthly rentals with many apartment style units.

Investment highlights

 Highly Desirable Location in the Heart of Growing Downtown St.

Petersburg

 Close Proximity (0.6 Miles) to Dining, Retail and Local Nightlife

 Concrete Block Construction Recently Renovated in 2022

 New Exterior Paint, Life Proof Vinyl Plank Wood Flooring Throughout and

New Furnishings (All Units are Fully Furnished)

 Property Boasts Short Term Business License which Provides Owner

Flexibility in Renting Apartments, Airbnb or as a Boutique Hotel

 Roof Permitting in 2019

 Over $200,000 of Capital Improvements since 2021

 Within 20 Minutes to St. Pete Beach Ranked #1 Beach in 2020 by

TripAdvisor

 Located in the Most Densely Populated County in Florida

Listing Contacts

JT Multifamilty Team
Listed by JT Multifamilty Team

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$486,960.00
$40,580.00/mo

Valuation Metrics

0
DSCR
11.13%
Cap Rate
11.13%
ROI

Map

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