555 69Th Ave St Pete Beach, FL 33706

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.