Just Listed - Waterfront
Address
637 75TH AVENUE St Pete Beach, FL
Price
$ 849,000
Property Attributes
  • MLS#U8097925
  • TypeIncome
  • CountyPINELLAS
  • CitySt Pete Beach
  • AreaPass a Grille Bch-St Pete Bch-Treasure Isl
  • NeighborhoodSt Petersburg Beach Rep
  • Zip33706
  • StyleQuadruplex
  • Year Built1956
  • Taxes3443
  • Price$ 849,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2212
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS ST PETE REALTY
Property Description

Fantastic location. 200' from the water. Walk to the 20+ Bars and Restaurants on Corey Ave and the Waterfront. 2 mins to the beaches by car. 5 mins by bike. Newly renovated, turn-key mid-century St. Pete Beach retreat. A true retreat with its new modern beach decor. Located just off of historic Corey Ave. with walking, biking, or a short driving distance to everything St Pete Beach area has to offer! This space has everything you need to ensure guests have a great escape to paradise. The Spaces: Building 1: 2 – 1 Bedroom, 1 bath units (approx. 630 sqft each). Building 2: 2 – 1 Bedroom, 1 bath units (approx. 600 sqft and 400 sqft). Building 1: 2 units. Unit 2: 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area. Unit 3: Identical layout as Unit 2, but mirrored. 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area. Building 2: 2 units. Unit 1: 1 bedroom, 1 bathroom owners unit is decked out to the hilt. No expense spared on the completed renovation. Must see to believe! Unit 4: 1 bedroom, 1 bathroom unit. This is the only unit of the 4 that needs some updating. Add a full kitchen, paint and add new floors (maybe $10k?) to see the rental income jump! Outdoor Space: Shared courtyard with separate seating and dining areas along with private fenced backyard seating in Units 2 and 3 as well. Current guest access: The front door has an electronic lock, the key code is currently provided before arrival to guests. There is plenty of free on-street parking at the front of the house as well as several off-street spaces. The intercoastal is just steps away from the property with great fishing, beach is a short walk or bike ride away, 20+ bars/restaurants within 6 blocks plus all that St Pete Beach has to offer! Income Model: Owners have not rented Unit 1 or Unit 4 before. They have lived in Unit 1 and have had family living in Unit 4. Additionally, several of the properties have been off-line for renovation within the last 12 months, skewing the potential income. In addition, the current owners have extended Units 2/3 to family during certain months without cost, further skewing the potential income. The pro-forma NOI on rents was run at full availability together with different levels of occupancy. The new estimated tax has been included to produce a true to life estimate of expected NOI with a knowledgeable investor running the property for income. Please contact agent for full Proforma.

Price History
9/15/2020 Listed $849,000

General Features

Construction Materials Block, Stucco
Cooling Central Air, Mini-Split Unit(s)
Exterior Features Lighting, Other, Outdoor Grill, Outdoor Shower, Storage
Heating Heat Pump
Homestead Yes
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Patio/Porch Features Other, Patio, Rear Porch
Property SubType Quadruplex
Property Type Residential Income
Roof Membrane
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name ST PETERSBURG BEACH REP
Terms Cash, Conventional
Total Num Buildings 2
Total Units 4
Township 31
Year Built 1956

Interior Features

Living Area 2212.00
Unit Count 1
Utilities BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected

Exterior Features

Foundation Details Slab
Lot Dimensions 50x107
Lot Size Acres 0.12
Lot Size Square Feet 5375

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 $1.68M
$850K
Taxes
AVG $8,619
$3,443
Visits
AVG 97
14
Year Built
AVG 1943
1956

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