3600 Dr Martin Luther King Jr Street South, Saint Petersburg, FL 33705 | Listings

3600 Dr Martin Luther King Jr Street South, Saint Petersburg, FL 33705

  • $995,000
  • 12,196 sq ft
  • Year Built: 1963
  • Multi-Family
  • Listing #U7845277

Property Description

The property consists of 12 apartment units with One 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and Nine 1-Bedroom/1-Bath units that are 940 sqft each.

The property is located directly across from Lake Maggori, Lake Maggori Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park consisting of 6 miles of trails, boardwalks and nature. The views will never be obstructed by development due to it being preserved land.

The property has been in the same ownership for the last 18 years and should be considered a value add acquisition, as rents are far below market standards, that could be achieved with interior and exterior renovations. The 2 story property is concrete block construction with flat roofs and covered carport parking.
Additional revenue could be garnered with the installation of onsite laundry facility’s, storage areas and sub metering systems. The property has maintained a consistently high occupancy level and benefits from excellent frontage on 9th St S.

Listing Details

Price$995,000
Year Built1963
Property TypeMulti-Family
Listing #U7845277
StatusActive
CountyPinellas
Listing TypeFor Sale
Property Taxes (Annual)$10,662

Interior Features

Square Feet12,196
Heating and CoolingCentral, Central Air

Exterior Features

RoofBuilt-Up
Lot Size0.67 acres

Miscellaneous

MLS Area33705 - St Pete

Courtesy of Debbie Mueller, Radiant Asset Management Inc

Pinellas SuncoastIDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listing Source: MFRMLS
This content last updated on 5/24/2018 5:51 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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