Address
340 78TH AVENUE St Pete Beach, FL
Price
$ 900,000
Property Attributes
  • MLS#U8091236
  • TypeIncome
  • CountyPINELLAS
  • CitySt Pete Beach
  • AreaPass a Grille Bch-St Pete Bch-Treasure Isl
  • NeighborhoodSt Petersburg Beach Rep
  • Zip33706
  • StyleMulti-Family
  • Year Built1948
  • Taxes6074
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2647
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER RESIDENTIAL
Property Description

The 340 78th Avenue Apartments enjoys the ideal location of being in the heart of St Pete Beach, blocks from Upham Beach and Historic Corey Shopping District’s funky specialty shops, galleries, popular bars and restaurants. The Property is also just minutes to the mainland via the Pasadena Causeway. Activities abound in St Pete Beach, a town sprinkled with nostalgic Old Florida motels and inns, as well as the five-star Don CeSar, and Trade Winds Island Resorts. The Property is comprised of two structures; one consists of four adjacent one-bedroom units, and the other a detached two-bedroom residence. Long-term tenants sign annual leases, and have a history of on-time payment. Rents average $850 (one-bedrooms), and $1,187 (two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. The Property has been exceptionally well maintained. Recent capital improvements include, among others, upgraded electric and plumbing systems, new hurricane certified roof, reclaimed water irrigation system, and entire exterior paint. Apartments are equipped with a combination of Central and window HVAC systems. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been 100% occupied, and is projected to operate on an owner-managed basis with total expenses equaling approximately 50% of EGI, with expectation of minimal near-term capital expenditure requirements.

Price History
7/17/2020 Listed $900,000

General Features

Construction Materials Block, Concrete, Stucco
Cooling Wall/Window Unit(s)
Exterior Features Fenced, Irrigation System, Sidewalk
Heating Wall Units / Window Unit
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name ST PETERSBURG BEACH REP
Total Num Buildings 2
Total Units 5
Township 31
Utilities Electricity Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Year Built 1948

Interior Features

Living Area 2647.00

Exterior Features

Foundation Details Slab
Lot Dimensions 50x142
Lot Size Acres 0.16
Lot Size Square Feet 7126

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33706

Price
AVG $1.54M
$900K
Taxes
AVG $7,776
$6,074
Visits
AVG 247
223
Year Built
AVG 1955
1948

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