UPTOWN CASHWELL HEIGHTS

Highlights

• Brand New to the Live Market
• Multi-Family in Uptown St Petersburg
• Florida Opportunity
• Tampa Bay Metro
• St Petersburg Market
• Uptown Neighborhood
• 9th Avenue Address
• 4th Street Vicinity
• Craftsman-Style Architecture
• Hardwood Floors
• Front Porches
• 5 Units
• Value Add
• Rents currently Under the Market

Description

BRAND NEW TO THE LIVE MARKET
Multi-Family in Uptown St Petersburg F-L-A
UPTOWN CASHWELL HEIGHTS

Our Offering is for a 5-plex Multi-Family Building in a historical and famed neighborhood known as Uptown. The structure is a charming 1922 building of craftsman-style architecture with hardwood floors and neutral interiors. The year of construction is significant to many of us locals because it was built pre-boom. Much of Uptown was built in the early 1900's.

The structure is 3,015 Sf which includes an enclosed porch, screened porch, and open porch. The heated square footage is 2,426. The land mass is 5,500 SF surrounded by a very attractive white fence.

The site consists of 5 units, all are one bedroom / one bath. Unit 4 can be transformed into a 2-bedroom unit. All the units have been well maintained. In addition, there is a brand-new water heater in the facility.

Parking is abundant with 6+ spaces on premises, plus tons of street parking.

As mentioned, the structure boasts inviting screened and open porches. The landscape and patio are great additions to this opportunity.

This is a value-added investment, even though the units are in good condition, there is the option of updating and raising the rents. The current rents are already under-market, thus leaving a lot of room for increased margins. Plus there is room to add coin-operated washing machines and dryers providing more money to the gross revenues, as well as the appeal of on-site laundry that allows for increases in rents.

It should be noted the units are always rented and there is usually a waiting list.

Additional info on the NOI and financial documents will be supplied upon request.

Please do not enter the property or disturb the tenants without the agent. Please contact Lead Agent Jonny Reno La Budde at 727-510-1921 * LaBuddeReno@aol.com

The Location is simply spectacular, the investment is located in a highly desired district known as Uptown in a highly desired city, St Petersburg, in a highly desired state, Florida.

The address is located on 9th Avenue North on the 400 block at 471 9th Avenue North. The site is just a few yards from the lighted intersection of 4th Street North.

As mentioned, the Site is in the popular Uptown Neighborhood, which is just north of Downtown (4 blocks), just west of Old Northeast, and several blocks from the waterfront.

The Interstate, four Hospitals, and two Universities are all less than 2 minutes away.

Plus these highlights: GREAT LOCATION near everything! Steps to Starbucks, trendy restaurants & shops, a few blocks to the excitement of Downtown St. Petersburg, Museums, Breweries, Cafes, Art Galleries, Rowdies Soccer, Theaters, St. Pete Opera, Thriving Night Life, The Ray's Tropicana Field, Beach Drive waterfront parks, St. Pete Pier, and the Sun Dial complex. Walk to Crescent Lake Park's rec paths and tennis courts, easy access to I-275. Less than 10 miles to St. Pete Beach, Treasure Island, and Madeira Beach.