7815 Boca Ciega Dr - Apartments FOR SALE


Saint Pete Beach, FL 33706- St Pete Beach
$1,100,000 USD
727-642-7985
7815 Boca Ciega Dr, Saint Pete Beach, FL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

7815 Boca Ciega Dr
Saint Pete Beach, FL 33706
St Pete Beach


HIGHLIGHTS

  • Waterfront, Dock, 4 Units

OVERVIEW

CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE $$!! YOU HAVE TO LOOK & WILL SEE THE POTENTIAL!!! Waterfront 4 unit value/add opportunity on the Intra-coastal with dock and flexible redevelopment potential. This is not a turnkey property and that’s exactly where the opportunity lies here! Located on one of the most popular intra-coastal locations in the heart of St. Pete Beach, Boca Ciega Drive offers a rare chance to acquire a waterfront multi-unit asset in a market where inventory continues to tighten and finished properties are priced at a PREMIUM! The existing footprint includes four units configured as two 2 bedroom, 1 bath units (potential) and two 1 bedroom, 1 bath units, providing multiple paths for repositioning depending on your investment strategy. The property sustained hurricane impact and requires renovation, but retains strong structural fundamentals, existing density, and a location that supports long term value and rental demand. Investors will appreciate the flexibility: Restore the 4 unit configuration for maximum income potential, Reconfigure into a duplex or triplex with larger, premium units or create a hybrid use with personal occupancy and rental income. With direct water access and a private dock, future tenants or guests can enjoy boating, kayaking, and sunset views, features that consistently command premium rents in this market. Create equity through execution rather than pay for it upfront!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,233 SF

ZONING

-

APN/PARCEL ID

36-31-15-05148-001-0020

ASK ABOUT THIS PROPERTY

Kristin HallamekEngel & Völkers BelleairMore Info
727-642-7985

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Kristin HallamekEngel & Völkers BelleairMore Info
727-642-7985

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