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MLS® ID: U8064630

3600 S DR MARTIN LUTHER KING JR STREET

ST PETERSBURG, Florida, 33705

$1,150,000 Pending
  • 12196 SQFT
Great CASH FLOW opportunity! Rarely available 12 plex (spread across 3 buildings) with one 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and nine 1-Bedroom/1-Bath units that are each 940 sqft. All units include 1 carport. This property, with unobstructed water views, is located directly across from Lake Maggiore, Lake Maggiore Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park with 6 miles of trails, boardwalks and natural grasses. The 2 story property is concrete block construction with flat roofs and covered carport parking. The roof is less than a year old, and the ACs are less than 5 years old. Additional income opportunities include raising rents (they are currently below market), installation of onsite laundry facilities (hookups are already in place), and adding storage areas and sub-metering systems. The property has consistently been fully leased and has excellent frontage on 9th St S for high visibility.
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Listing courtesy of KELLER WILLIAMS GULF BEACHES

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    33705
  • Office name
    KELLER WILLIAMS GULF BEACHES
  • Subdivision
    POIRIERS 9TH ST REP
  • SQFT
    12196
  • Bedrooms
    0
  • Property type
    Commercial
  • Year built
    1963
  • Lot size
    0.67
  • Waterfront
    No
  • Heating
    Central
  • Tax year
    2018
  • Agent name
    Wendy Lockhart
  • Tax amount
    $ 10662.0
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    7000+ sq ft.
  • Area
    33705 - St Pete
  • Year Built Range
    1989 (and earlier)
  • Office ID
    260032401
  • Agent ID
    260031176

Location

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