5900 22nd Ave N
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5900 22nd Ave N
16 Unit Apartment Building $4,642,214 CAD ($290,138 CAD/Unit) 6.55% Cap Rate Saint Petersburg, FL 33710
Executive Summary
Investment opportunity awaits with this meticulously maintained multi-family property in the heart of Saint Petersburg. This property features a total of 16 units, offering a mix of three-bedroom, two-bedroom, and one-bedroom apartments. There are 6 spacious three-bedroom units, 9 comfortable two-bedroom units, and 1 cozy one-bedroom unit, providing a variety of living options for potential tenants.
Each unit is thoughtfully designed with modern amenities and ample living space, ensuring tenant satisfaction and retention. The property also includes convenient parking facilities for residents and guests, adding to the overall appeal of the complex.
Ideally located in a desirable neighborhood, this multi-family property is in close proximity to shopping centers, restaurants, schools, and other amenities, making it an attractive option for renters seeking convenience and comfort.
Whether you are an experienced investor looking to expand your portfolio or a new investor seeking a stable income stream, this property offers potential for a strong return on investment. Don't miss this unique opportunity to own a well-maintained multi-family property with a mix of unit sizes in a prime location. Schedule a showing today to explore the income potential and investment opportunities this property has to offer!
Each unit is thoughtfully designed with modern amenities and ample living space, ensuring tenant satisfaction and retention. The property also includes convenient parking facilities for residents and guests, adding to the overall appeal of the complex.
Ideally located in a desirable neighborhood, this multi-family property is in close proximity to shopping centers, restaurants, schools, and other amenities, making it an attractive option for renters seeking convenience and comfort.
Whether you are an experienced investor looking to expand your portfolio or a new investor seeking a stable income stream, this property offers potential for a strong return on investment. Don't miss this unique opportunity to own a well-maintained multi-family property with a mix of unit sizes in a prime location. Schedule a showing today to explore the income potential and investment opportunities this property has to offer!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,642,214 CAD | Apartment Style | Low Rise |
| Price Per Unit | $290,138 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 6.55% | Building Size | 16,240 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Price | $4,642,214 CAD |
| Price Per Unit | $290,138 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Sale Conditions | 1031 Exchange |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 16,240 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 1.85/1,000 SF |
Unit Amenities
- Balcony
- Heating
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 9 | - | - |
| 3+2 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 17-31-16-30186-009-0070 | Improvements Assessment | $1,665,086 CAD |
| Land Assessment | $1,212,378 CAD | Total Assessment | $2,877,464 CAD |
PROPERTY TAXES
Parcel Number
17-31-16-30186-009-0070
Land Assessment
$1,212,378 CAD
Improvements Assessment
$1,665,086 CAD
Total Assessment
$2,877,464 CAD
zoning
| Zoning Code | Rm 12/15, St. Pete (RESIDENTIAL CLUSTER) |
| Rm 12/15, St. Pete (RESIDENTIAL CLUSTER) |
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5900 22nd Ave N
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