Listed by AXXOS
$1,600,000
Euclid Grove Flats
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,172
Units 8
Cap Rate 5.31%
NOI $85,000
Price per SqFt $384
Class B
Year Built 1951
Lot Size (SqFt) 8,684
Zoning CRT-1
Parking Spaces 10 spaces
Parking Per SqFt 2.40
Multifamily | 5.31% CAP | 8 Units
Marketing description
Our Offering is a legitimate Off-Market 8 Unit Apartment Complex for Sale in North St Petersburg, Florida. The site consists of 4,172 SF of building on a land mass of 8,684 SF. The structure is two stories, all concrete, with front porches, and 10 parking spaces. The complex is also on a lighted intersection on a major north-south corridor. Complete financials will be available upon request.
LOCATION DESCRIPTION: The location is truly exceptional - the site is on the 16th Street corridor on the 1700 block at 1701 16th Street North. As mentioned, 16th Street is a significant north-south corridor. The address also sits at the lighted intersection of 17th Avenue North, and also between two major intersections of 9th Avenue North and 22nd Avenue North. The location is also only 3 minutes away from the Interstate and 6 minutes to US HWY 19 North. The beaches are only 13 minutes away, Tampa is 17 minutes away, and Downtown St Pete is only 5 minutes away.
Investment highlights
- Off Market Multi-family
- Florida Opportunity
- Tampa Bay Metro
- St Petersburg Market
- Euclid Neighborhood
- Woodlawn Business District
- 8 Units
- All Concrete Structure
- 10 Parking Spaces
- 16th Street Address
Listing Contacts
Listed by AXXOS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,000.00
$7,083.33/mo
Valuation Metrics
0
DSCR
5.31%
Cap Rate
5.31%
ROI
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