550, 600, 601 Corey Avenue and 618 73rd Avenue , St Pete Beach, Florida 33706
PRIME TIME ST PETE BEACH PROPERTY > Rarely is there an Opportunity to Purchase 40 units in St Pete Beach. The 4 Sites are all within 100 ft of each other, the Buyer had an opportunity to monopolize much of the rental units in this district. The Units produce a handsome income but there is huge Value Added with a new Owner. The Investment is currently running as short term & long term rentals. It is believed that the Properties could be returned to Motel Rooms or Vacation Rental and significantly increase revenues. Total Efficiencies are 27 units / Total 1 Bedrooms are 9 units / 2 Bedrooms are 4 units > Total 40 units. All the Sites are on or near Corey Avenue. Corey Avenue is part of Downtown St Pete Beach.
550 Corey is 14 Units and 100% occupied / 600 Corey is 7 units and 100% occupied / 601 Corey is 7 units and 100% occupied / 618 73rd Avenue is 10 units and 100% occuoied.
Location Description: Simply one of the best locales in St Pete Beach. Three of the properties are located on Corey Avenue at 550 and 600 and 601 / Fourth one is on 73rd Avenue.
- Florida Multi-Family Opportunity
- Tampa Bay Metro Area
- St Petersburg Market
- St Pete Beach Community
- Downtown District
- Corey Avenue Address
- Prime Long-Term Hold
- 40 Units / 5 Complexes
- Always 100% Occupied
- Waterfront is Only One Block away
2/17/2020 11:10:09 PM
4/3/2020 4:28:05 PM