$898,000
$995,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
3,800 SqFt
SOLD DATE : 06/06/2025
Key Details
Sold Price $898,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $236
Subdivision Arcadian Heights
MLS Listing ID TB8339945
Sold Date 06/06/25
HOA Y/N No
Year Built 1925
Annual Tax Amount $19,022
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi Family
Source Stellar MLS
Property 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.
Location
State FL
County Pinellas
Community Arcadian Heights
Area 33714 - St Pete
Zoning R-4
Direction N
Interior
Interior Features Ceiling Fans(s), Other
Heating Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Microwave, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Courtyard, Other, Storage
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Other,Stucco
New Construction false
Schools
Elementary Schools Lealman Avenue Elementary-Pn
Middle Schools Meadowlawn Middle-Pn
High Schools Northeast High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with FLORIDA EXECUTIVE REALTY
GET MORE INFORMATION
