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    555 69Th Ave St. Pete Beach, FL 33706

    Sponsored
    For Sale
    $3,395,000

    Prime Beachfront Apartment Building, 10 Units

    Property size:
    7,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 10-unit apartment building located at 555 69th Ave, St. Pete Beach, Florida, 33706. The property, situated on a 10,000 square foot lot, boasts a total of 7,926 square feet of net rentable space, spread across a two-story building constructed in 1971 and extensively renovated in 2019. The asking price is $3,395,000, translating to $339,500 per unit and $428.34 per square foot. The building is zoned UPV and comprises ten units, with all but one featuring two bedrooms. The units are primarily leased annually, offering a stable income stream. This property benefits from its prime location, just west of Gulf Boulevard and a mere two blocks from the stunning Gulf of Mexico beaches. The building has been under the same ownership for 27 years, demonstrating its long-term stability and potential for continued success. This is a rare chance to acquire a well-maintained, income-producing multifamily property in a highly desirable coastal location. The corporation ownership structure provides a streamlined acquisition process. Further details are available upon request. Showings are strictly by appointment only.

    Property Features for 555 69Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,926 SF

    Building Details

    Year Built/Renovated
    1971/2019
    Buildings
    1
    Stories
    2
    Units
    10

    HighLights

    • $3,395,000 asking price for a 10‑unit apartment building.
    • 7,926 square feet, multifamily property in St. Pete Beach, Florida.
    • 10 units, averaging $339,500 per unit.
    • Built in 1971, renovated in 2019.
    • Located two blocks from the Gulf of Mexico beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anarchy Gaming Destiny Social Club LOSEY DISTRIBUTION CENTER E Commerce Agency

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.750193
    Latitude
    27.7379245

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Prime Beachfront Apartment Building, 10 Units
    Where is this multifamily property located?
    The property is located at 555 69Th Ave St. Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $3,395,000.
    What are key features of this property?
    This property features: $3,395,000 asking price for a 10-unit apartment building.; 7,926 square feet, multifamily property in St. Pete Beach, Florida.; 10 units, averaging $339,500 per unit.
    Request Owner's contact information
    555 69Th Ave St. Pete Beach, FL 33706
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    St. Pete Beach, FL 33706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 69Th Ave St. Pete Beach, FL 33706
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