Engel & Völkers
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$1,175,000~€1,119,011
  • 594 m² Plot surface

Description

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 for 2024, with a CAP rate of 5.2%, making it the best buy on the market. Sold with 6 fully furnished units, it is ready to go for the next owner.

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Engel & Völkers

Your advisor: Kim Meredith-Hampton

Property ID: AM-5064888

Property details

Property type

House

Plot surface

594 m²

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Engel & Völkers

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Engel & Völkers St. Pete

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