555 69Th Ave St. Pete Beach, FL 33706
- Apartment buildings
- 7,926 SF
- 0.23 lot acres
Current Use by Public Records
- Anarchy Gaming Destiny / Social Club
- LOSEY DISTRIBUTION CENTER / E Commerce Agency
Property Details for 555 69Th Ave
- Year built
- 1971
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.23 lot acres
- Property size
- 7,926 SF
- Property type
- Apartment buildings
- APN
- 36-31-15-05940-002-0150
- APU
- 363115059400020150
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St Pete Beach
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7502
- Latitude
- 27.7379
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
