637 75th Avenue, ST PETE BEACH

$849,000

Active

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0 Beds
0 Baths
0 Sqft
.12 Acres
0 Garages

Fantastic location. 200' from the water. Walk to the 20+ Bars and Restaurants on Corey Ave and the Waterfront. 2 mins to the beaches by car. 5 mins by bike.

Newly renovated, turn-key mid-century St. Pete Beach retreat. A true retreat with its new modern beach decor. Located just off of historic Corey Ave. with walking, biking, or a short driving distance to everything St Pete Beach area has to offer! This space has everything you need to ensure guests have a great escape to paradise.

The Spaces:

Building 1: 2 – 1 Bedroom, 1 bath units (approx. 630 sqft each).
Building 2: 2 – 1 Bedroom, 1 bath units (approx. 600 sqft and 400 sqft).

Building 1: 2 units.

Unit 2: 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.

Unit 3: Identical layout as Unit 2, but mirrored. 650sq ft 1 Bedroom with King bed, large walk-in closet, and original 1956 built-ins. 1 three-piece bathroom. Roomy open living area. Fully equipped kitchen with new stainless steal appliances and dining area.

Building 2: 2 units.

Unit 1: 1 bedroom, 1 bathroom owners unit is decked out to the hilt. No expense spared on the completed renovation. Must see to believe!

Unit 4: 1 bedroom, 1 bathroom unit. This is the only unit of the 4 that needs some updating. Add a full kitchen, paint and add new floors (maybe $10k?) to see the rental income jump!

Outdoor Space: Shared courtyard with separate seating and dining areas along with private fenced backyard seating in Units 2 and 3 as well.

Current guest access:
The front door has an electronic lock, the key code is currently provided before arrival to guests. There is plenty of free on-street parking at the front of the house as well as several off-street spaces.

The intercoastal is just steps away from the property with great fishing, beach is a short walk or bike ride away, 20+ bars/restaurants within 6 blocks plus all that St Pete Beach has to offer!

Income Model:
Owners have not rented Unit 1 or Unit 4 before. They have lived in Unit 1 and have had family living in Unit 4. Additionally, several of the properties have been off-line for renovation within the last 12 months, skewing the potential income. In addition, the current owners have extended Units 2/3 to family during certain months without cost, further skewing the potential income.
The pro-forma NOI on rents was run at full availability together with different levels of occupancy. The new estimated tax has been included to produce a true to life estimate of expected NOI with a knowledgeable investor running the property for income.

Please contact agent for full Proforma.

Essential Information
MLS® # U8097925
Price $849,000
Acres 0.12
Year Built 1956
Type Residential Income
Sub-Type Quadruplex
Status Active
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Neighborhood Information for 637 75th Avenue

Stable Population, Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 69.30℉
    • July 90.20℉
  • Lows

    • January 54.00℉
    • July 76.60℉
  • rain icon

    Precipitation

    • 49.58"
   
Great Schools School Name Distance  

Saint John Vianney Catholic School

Catholic - Preschool to 8th Grade - Closest Elementry School
0.5 Miles

Gulf Beaches Elementary Magnet School

Public - Kindergarten to 5th Grade
0.7 Miles

Pasadena Fundamental Elementary School

Public - Kindergarten to 5th Grade
2.3 Miles

Argonauta Christian Pre School

Private - Preschool to Preschool
2.4 Miles

Admiral Farragut Academy

Private - Preschool to 12th Grade - Closest Middle School
2.6 Miles

Ami Kids Center For Personal Growth

Public - 6th Grade to 11th Grade
2.7 Miles

Gulfcoast Sda Elementary School

Private - Kindergarten to 8th Grade
2.7 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on November 30th, 2020 at 9:34am EST.