6550 41st Ave N - Apartments FOR SALE


Saint Petersburg, FL 33709- Kenneth City
$1,140,000 USD
813-387-4718
6550 41st Ave N, Saint Petersburg, FL for Sale
$1,140,000 USD
Apartments - FOR SALE
1/12
null | 5.51% Cap Rate

6550 41st Ave N
Saint Petersburg, FL 33709
Kenneth City


HIGHLIGHTS

  • Attractive unit mix of all two-bedroom units
  • Concrete block construction
  • Situated in Pinellas County, Florida’s most densely-populated county
  • Minutes from the Gulf of Mexico and world-renowned Clearwater Beach, named TripAdvisor’s “#1 Beach in the U.S.” in 2018 and 2019
  • Four miles to I-275, offering convenient access to Tampa, St. Petersburg and Clearwater

OVERVIEW

An 8-unit multifamily community in St. Petersburg, FL. Significant proven upside potential with a 41% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements. 0.5 miles to HCA Florida St. Petersburg Hospital, a 215-bed acute care facility with 24/7 emergency services, an Advanced Primary Stroke Center and an accredited Breast Center with advanced imaging

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

8

PRICE/UNIT

$142,500

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurie Court Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

05-31-16-29430-002-0380

ASK ABOUT THIS PROPERTY

Donald TurnerMarcus & MillichapMore Info
813-387-4718

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Donald TurnerMarcus & MillichapMore Info
813-387-4718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.