Address
349 78TH AVENUE St Pete Beach, FL
Price
$ 720,000
Property Attributes
  • MLS#U8091237
  • TypeIncome
  • CountyPINELLAS
  • CitySt Pete Beach
  • AreaPass a Grille Bch-St Pete Bch-Treasure Isl
  • NeighborhoodSt Petersburg Beach Rep
  • Zip33706
  • StyleQuadruplex
  • Year Built1946
  • Taxes4183
  • Price$ 720,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2256
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER RESIDENTIAL
Property Description

The 349 78th Avenue Apartments enjoys the ideal location of being in the heart of St Pete Beach, blocks from Upham Beach and the 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. Comprised of a single structure consisting of three one-bedroom units, and a spacious two-bedroom unit featuring Central HVAC, the Property is undergoing extensive renovations with new tenants expected to take occupancy in mid-October; leases have been signed (one-bedrooms $1,000, $1,000 & $950), and $1,250 (two-bedroom). Tenants pay electricity per separate meters, and landlord pays water/sewer/trash. Intending to bring the Property essentially 100% hurricane compliant, renovations include installation of an entirely new hip roof (the construction of which included new roof joists), upgraded electric and plumbing systems, new Central HVAC (two-bedroom unit), exterior paint, with new fencing and landscape to include reclaimed water irrigation. 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 less than 50% of EGI, and expectation of minimal near-term capital expenditure requirements.

Price History
7/17/2020 Listed $720,000

General Features

Construction Materials Block, Concrete, Stucco
Cooling Central Air, Wall/Window Unit(s)
Exterior Features Fenced, Irrigation System, Sidewalk
Heating Central, Wall Units / Window Unit
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Property SubType Quadruplex
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name ST PETERSBURG BEACH REP
Total Num Buildings 1
Total Units 4
Township 31
Utilities Electricity Available, Sewer Available, Water Available
Year Built 1946

Interior Features

Living Area 2256.00

Exterior Features

Foundation Details Slab
Lot Dimensions 50x125
Lot Size Acres 0.14
Lot Size Square Feet 6251

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 $1.92M
$720K
Taxes
AVG $8,371
$4,183
Visits
AVG 320
159
Year Built
AVG 1945
1946

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