8630 Blind Pass Rd St Pete Beach, FL 33706

The Palm Garden Apartments, situated on St Pete Beach, presents a rare opportunity to acquire a resort-style multifamily investment property. This meticulously maintained complex features fourteen units across two buildings, offering a consistently reliable revenue stream due to its high occupancy rate. Constructed in 1972, the property features solid block construction with poured concrete floors and a durable stucco exterior. The unit mix includes twelve one-bedroom, one-bath apartments and two two-bedroom, two-bath apartments. Most of the apartments have been renovated with contemporary kitchens and bathrooms, high-quality fixtures and cabinets, stainless steel appliances, stylish backsplash tile, granite countertops, and European-inspired tile and laminate flooring, with carpeted bedrooms. Recent capital improvements include new mansards, landscape upgrades with CitraBlue sod, hot water tank replacements, a resurfaced parking lot, upgraded fuse and breaker boxes, epoxy resin surfaced hallways, steps, and walkways, and replacement of several AC units. Apartment layouts feature expansive living rooms, dining areas, full-size bathrooms, and private balconies or patios. Community amenities include twenty off-street parking spaces, professionally landscaped grounds with tropical trees, and on-site laundry facilities. Each apartment has modern central heating and air conditioning. Electricity is separately metered and paid by tenants. The owner provides city water, trash collection, and basic cable with internet service. Hot water is supplied by individual in-unit tanks. The property is located within a short bike ride to public beach access at Upham Beach Park and close to the Historic Corey Avenue Shopping District. The property, built on a 0.5-acre lot, is suited for investors seeking a foothold in a popular coastal beach community.