966 22nd Avenue S, ST PETERSBURG, FL

$3,500,000

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40

Beds

40

Baths

17,600

Square feet

1.37

Acres

About 966 22nd Avenue S

Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.

Residential Income home for sale in ST PETERSBURG, FL at 966 22nd Avenue S. This 40 bedroom Residential Income home is priced at $199/sqft

Features of 966 22nd Avenue S

MLS® # TB8334819
Price $3,500,000
Bedrooms 40
Bathrooms 40.00
Square Footage 17,600
Acres 1.37
Year Built 2008
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information: St Petersburg

Address 966 22nd Avenue S
Area St Pete
Subdivision LAKEVIEW MANOR
City ST PETERSBURG
County Pinellas
State FL
Zip Code 33705

Amenities of 966 22nd Avenue S

Is Waterfront No
Has Pool No
Senior Community No

Interior of 966 22nd Avenue S

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
Appliances Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Heating Central
Cooling Central Air
Fireplace No
Furnished Unfurnished

Exterior of 966 22nd Avenue S

Exterior Features Fence, Private Mailbox, Sidewalk
Roof Shingle
Foundation Slab

Additional Information On 966 22nd Avenue S

Date Listed January 4th, 2025
Days on Market 38
Flood Zone Code X
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeVINTAGE REAL ESTATE SERVICES

Map To 966 22nd Avenue S, ST PETERSBURG

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