3103 16Th St N St Petersburg, FL 33704
Turnkey, fully rebuilt quadplex with commercial-grade systems and modern design.
Lot size:
0.19 AcresProperty Features for 3103 16Th St N
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1985
Source:
Elliman
Listing Agency: eXp Realty LLC Listing Agent: Josh Neighoff
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Rebuilt Quadplex Near Downtown St.
Blue Pelican is a rebuilt quadplex featuring commercial-quality construction. The property has been rebuilt from the studs up, retaining portions of the exterior framing and slab. Major components are new, including the electrical system and panels, plumbing, roof, HVAC, siding, impact-rated windows and doors, driveway, insulation, drywall, upscale kitchens and bathrooms, and all interior finishes. It includes a commercial fire sprinkler system and a commercial fire alarm system. Each residence has been redesigned with modern layouts and high-end finishes, and one of the units is ADA compliant with an exterior wheelchair-accessible ramp. Additional upgrades include designated bicycle parking and site enhancements. The owners are replicating this project with the mirror-image property next door, which will match Blue Pelican in layout, quality, and commercial-grade upgrades. Once completed, this will enhance the overall appeal and value of Blue Pelican, and a future purchaser will have the opportunity to acquire both properties for a cohesive 8-unit investment. When fully leased, the property will deliver a total monthly rental income of $8,825 plus $200 per month in reimbursement for water and trash, bringing the annual gross income to approximately $108,300. All units are separately metered for electric. Given the complete redevelopment and commercial-grade systems, future capital expenditure needs are minimal. Blue Pelican is located in a growing, high-demand market near downtown St Pete and Crescent Lake.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6546272
- Latitude
- 27.800255
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Turnkey, fully rebuilt quadplex with commercial-grade systems and modern design.
Where is this quadplex located?
The property is located at 3103 16Th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: - Complete, commercial-grade rebuild with new electrical, plumbing, roof, HVAC, impact-rated windows/doors, and high-end finishes.; - Commercial fire sprinkler and alarm systems offer insurance advantages and enhanced safety.; - Turnkey, fully leased quadplex generating $108,300 annual gross income.
