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3365 57th Avenue N, ST PETERSBURG, FL 33714
Priced at Only: $995,000
For more Information Call Office: 855.844.5200
Address: 3365 57th Avenue N, ST PETERSBURG, FL 33714
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3365 57th Avenue N
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  • MLS#: TB8339945 ( Multi-Family )
  • Street Address: 3365 57th Avenue N
  • Viewed:
  • Price: $995,000
  • Price sqft: $229
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 4350
  • Days On Market: 91
Description
Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three income producing property in Pinellas County has endless value add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Description
Buyer financing fell through, give us a call to tour. Management in Place to assist with the transition! Welcome to The Urban Standard! An urban oasis located in St. Pete. The unique property features a mixture of 6 short and mid term rentals, and 3 long term leases. Ideally situated near bus lines, shopping, restaurants, and entertainment in the heart of St. Petersburg, this three income producing property in Pinellas County has endless value add opportunities! With diverse rental options, plus located in unincorporated Pinellas County, this property experiences very low vacancy. The property consists of two buildings: a four unit at the front and a four unit at the back, with two additional studios. A shared community garden space, plus a dedicated dog park, make up this professionally managed complex. The property estimates a Net Operating Income (NOI) of $60,884.83 for 2024, with a CAP rate of 6.1% and the Pro Forma numbers for 2025 with a CAP rate of 9.6%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.
Features
Property Type
  1. Multi-Family

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Headshot for Associate Laura Uribe
  1. Laura Uribe, REALTOR ®
  2. Tropic Shores Realty
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