5900 22Nd AveSt. Petersburg, FL 33710
16-Unit Apartment Building, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- Class A, 16-unit apartment building in St. Petersburg, FL.
- 16,240 square feet on a 22,598 square foot lot; unit mix: six 3-bedroom, nine 2-bedroom, and one 1-bedroom.
- Extensive renovations completed in 2022.
- Current NOI: $214,411; Pro-forma NOI: $264,411; Cap rate: 6.55%; Pro-forma cap rate: 8.07%.
- Asking price: $3,275,000 ($201.66/SF, $204,687.50/unit).
- Desirable location near shopping, dining, and schools; ample resident and guest parking.
Property Details for 5900 22Nd Ave
- Property type
- Apartment buildings
- Square Feet
- 16,240 SF
- Class
- A
- Year Built/Renovated
- 1969/2022
- Buildings
- 1
- Stories
- 2
- Units
- 16
Location Insight
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Latitude
- 27.7913558
- Longitude
- -82.7133428
Nearby Similar for Sale
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