For Sale
$3,395,000

555 69Th AveSt. Pete Beach, FL 33706

Prime Beachfront Apartment Building, 10 Units

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 10-unit apartment building located at 555 69th Ave, St. Pete Beach, Florida, 33706. The property, situated on a 10,000 square foot lot, boasts a total of 7,926 square feet of net rentable space, spread across a two-story building constructed in 1971 and extensively renovated in 2019. The asking price is $3,395,000, translating to $339,500 per unit and $428.34 per square foot. The building is zoned UPV and comprises ten units, with all but one featuring two bedrooms. The units are primarily leased annually, offering a stable income stream. This property benefits from its prime location, just west of Gulf Boulevard and a mere two blocks from the stunning Gulf of Mexico beaches. The building has been under the same ownership for 27 years, demonstrating its long-term stability and potential for continued success. This is a rare chance to acquire a well-maintained, income-producing multifamily property in a highly desirable coastal location. The corporation ownership structure provides a streamlined acquisition process. Further details are available upon request. Showings are strictly by appointment only.

Highlights

  • $3,395,000 asking price for a 10-unit apartment building.
  • 7,926 square feet, multifamily property in St. Pete Beach, Florida.
  • 10 units, averaging $339,500 per unit.
  • Built in 1971, renovated in 2019.
  • Located two blocks from the Gulf of Mexico beaches.

Property Details for 555 69Th Ave

Property type
Apartment buildings
Square Feet
7,926 SF
Year Built/Renovated
1971/2019
Buildings
1
Stories
2
Units
10

Location Insight

City
St. Pete Beach
County
Pinellas
State
Florida
Latitude
27.7379245
Longitude
-82.750193
555 69Th Ave, St. Pete Beach, Florida

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555 69Th Ave
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