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30104730
30104731

6797 54th Ave N, St. Petersburg, FL 33709

SB
FL BK526610
Broderick & Associates Inc
Listed by Broderick & Associates Inc
$2,750,000
91 days on market
Updated 91 days ago

Long Villas

Details
APN Multiple APNs
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 13,108
Net Rentable (SqFt) 11,016
Units 14
Cap Rate 3.71%
NOI $101,924
Price per SqFt $210
Broker Co-Op Yes
Class C
Year Built 1959
Year Renovated 2021, 2022, 2023
Buildings 14
Stories 1
Acreage 3.280
Zoning R-2
Investment Type Stabilized
Occupancy Date 01/01/2026
Ownership Partnership
Sale Condition For sale by owner

14 Units with 1 vacant lot | SF Rental Portfolio

Marketing description

Check out this multi-family investment in west St. Petersburg known as Long Villas: a fully leased, individually parceled, 14 block-built villas on 15 parcels totaling 2.8-acres. R-2-zoned and all in Flood Zone X. The complex has 15 parcels with 14 (2-bedroom, 1-bath) villas and 1 vacant lot for expansion. Four villas on 54th Ave feature carports and exterior utilities, while ten villas on 55th Ave include bonus rooms and interior hookups - each home is equipped with wall-mounted A/C in every bedroom plus a central living-room wall unit with heat. All villas have a less than 2 year old roof. Individual electric meters and public utilities ensure efficient operations, and the expansive, multi-parcel site presents redevelopment upside with one of the lots vacant. Broker is also the owner of the property and any showing requests by appointment only. Property to be sold as a whole or separately. Call Broker/Owner for details.

Investment highlights

  • 3-acres of land

  • 14 units fully leased

  • 1 vacant lot for expansion

Listing Contacts

SB
FL BK526610
Broderick & Associates Inc
Listed by Broderick & Associates Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$101,924.00
$8,493.67/mo

Valuation Metrics

0
DSCR
3.71%
Cap Rate
3.71%
ROI

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