Under contract-accepting backup offers. Turn-Key 6-Unit Investment Property on Saint Pete Beach: Perfect for 1031-Exchange Buyers with Flexible Financing
This newly updated 6-unit property on Saint Pete Beach offers an outstanding investment opportunity with owner financing available at a minimum of 20% down—ideal for 1031-Exchange buyers seeking a tax-advantaged purchase. Situated in a highly desirable area, this property is not just about location; it’s about smart, strategic investing in a booming market.
Key Investment Highlights:
Prime Location: Only a 5-minute drive from the nearest hospital, this property is perfectly positioned to attract traveling nurses and mid-term renters. Its proximity to several other healthcare facilities further enhances its rental appeal.
Comprehensive Upgrades: Recent improvements include new appliances, updated electrical panels, efficient HVAC systems, and a brand-new roof, ensuring minimal maintenance costs and maximum tenant satisfaction. Freshly painted with new landscaping, the property boasts excellent curb appeal—an important factor in attracting high-quality tenants. And ample space to put in a new pool to maximize rents.
High Demand Area: Located next to the Saint Pete Beach Recreation Center and neighboring popular hotspots like Mastry’s Brewing Co. and Riptides, tenants have access to a vibrant community. Just one block from Corey Avenue, with its shops, restaurants, and the Sunday Market, and a quick 10-minute drive to Pass-a-Grille Beach, this property is ideally situated to offer the best of beachside living.
Strong Rental Income Potential: The combination of its location, condition, and amenities makes this property an excellent candidate for both short-term and mid-term rentals. Its proximity to the healthcare sector adds a stable, year-round tenant base, reducing vacancy risk.
Flexible Financing: With owner financing available, investors can secure this property with a minimum of 20% down, making it accessible for those looking to leverage their capital. This flexibility is particularly appealing to 1031-Exchange buyers looking to reinvest with tax advantages.
Future Value Appreciation: Given the ongoing popularity of Saint Pete Beach as both a tourist destination and a sought-after residential area, this property is well-positioned for future value appreciation, offering both immediate rental income and long-term capital growth.
This property checks all the boxes for savvy investors: strategic location, comprehensive updates, strong rental potential, and flexible financing. It’s a rare opportunity to secure a turn-key investment in one of Florida’s most desirable beach communities. Don’t let this opportunity pass you by!
| Unit 1 | 1/1 | 375 | $1,600.00 |
| Unit 2 | 1/1 | 375 | $1,600.00 |
| Unit 3 | 1/1 | 375 | $1,395.00 |
| Unit 4 | 1/1 | 375 | $1,600.00 |
| Unit 5 | 1/1 | 555 | $1,895.00 |
| Unit 6 | 2/2 | 800 | $2,800.00 |
This newly updated 6-unit property on Saint Pete Beach offers an outstanding investment opportunity with owner financing available at a minimum of 20% down—ideal for 1031-Exchange buyers seeking a tax-advantaged purchase. Situated in a highly desirable area, this property is not just about location; it’s about smart, strategic investing in a booming market.
Key Investment Highlights:
Prime Location: Only a 5-minute drive from the nearest hospital, this property is perfectly positioned to attract traveling nurses and mid-term renters. Its proximity to several other healthcare facilities further enhances its rental appeal.
Comprehensive Upgrades: Recent improvements include new appliances, updated electrical panels, efficient HVAC systems, and a brand-new roof, ensuring minimal maintenance costs and maximum tenant satisfaction. Freshly painted with new landscaping, the property boasts excellent curb appeal—an important factor in attracting high-quality tenants. And ample space to put in a new pool to maximize rents.
High Demand Area: Located next to the Saint Pete Beach Recreation Center and neighboring popular hotspots like Mastry’s Brewing Co. and Riptides, tenants have access to a vibrant community. Just one block from Corey Avenue, with its shops, restaurants, and the Sunday Market, and a quick 10-minute drive to Pass-a-Grille Beach, this property is ideally situated to offer the best of beachside living.
Strong Rental Income Potential: The combination of its location, condition, and amenities makes this property an excellent candidate for both short-term and mid-term rentals. Its proximity to the healthcare sector adds a stable, year-round tenant base, reducing vacancy risk.
Flexible Financing: With owner financing available, investors can secure this property with a minimum of 20% down, making it accessible for those looking to leverage their capital. This flexibility is particularly appealing to 1031-Exchange buyers looking to reinvest with tax advantages.
Future Value Appreciation: Given the ongoing popularity of Saint Pete Beach as both a tourist destination and a sought-after residential area, this property is well-positioned for future value appreciation, offering both immediate rental income and long-term capital growth.
This property checks all the boxes for savvy investors: strategic location, comprehensive updates, strong rental potential, and flexible financing. It’s a rare opportunity to secure a turn-key investment in one of Florida’s most desirable beach communities. Don’t let this opportunity pass you by!
| Unit 1 | 1/1 | 375 | $1,600.00 |
| Unit 2 | 1/1 | 375 | $1,600.00 |
| Unit 3 | 1/1 | 375 | $1,395.00 |
| Unit 4 | 1/1 | 375 | $1,600.00 |
| Unit 5 | 1/1 | 555 | $1,895.00 |
| Unit 6 | 2/2 | 800 | $2,800.00 |
Property Details
Price:
$1,340,000
MLS #:
U8255200
Status:
Pending
Beds:
0
Baths:
0
Address:
310 78TH AVENUE
Type:
Multi Family
Subdivision:
ST JO-MAR CONDO
City:
ST PETE BEACH
Listed Date:
Aug 27, 2024
State:
FL
Finished Sq Ft:
3,000
ZIP:
33706
Lot Size:
14,374 sqft / 0.33 acres (approx)
Year Built:
1947
Units:
6
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Cooling
Central Air
Heating
Central
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Construction Materials
Block
Exterior Features
Balcony
Roof
Shingle
Financial
Tax Year
2023
Taxes
$1,802
Map
Community
- Address310 78TH AVENUE ST PETE BEACH FL
- CityST PETE BEACH
- CountyPinellas
- Zip Code33706
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Courtesy of LPT REALTY, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
310 78TH AVENUE
ST PETE BEACH, FL
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