7027 4th Ave | Saint Petersburg, FL 33710
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- LoopNet Team
7027 4th Ave
Saint Petersburg, FL 33710
GULFPORT GARDENS (10% CASH-ON-CASH RETURN)! · Multifamily Property For Sale · 8 Units
Investment Highlights
- 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL! 100% OCCUPIED!
- SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
- THE PROPERTY WAS RECENTLY RENOVATED IN 2023 AND IS IN EXCELLENT CONDITION! NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O23!
- MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROX. $300 BELOW THE MARKET AVERAGE!
- 2024 CASH-ON-CASH RETURN: 10%, 2025 CAP RATE: 8%, 2025 CASH-ON-CASH RETURN: 11%, 2026 CASH-ON CASH RETURN: 12%
- ROOFS REPLACED IN 2018 AND 2022! HVAC SYSTEMS REPLACED IN 2021 AND 2023! EACH UNIT HAS ITS OWN BACKYARD AND ONSITE PARKING!
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,048 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low Rise | Year Built/Renovated | 1966/2023 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 0.44 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2023 |
| Parking Ratio | 3.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Grill
- Breakfast Nook
- Deck
- Family Room
- Framed Mirrors
- Freezer
- Garden
- Lawn
- Patio
- Vinyl Flooring
Site Amenities
- Trash Pickup - Curbside
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 19-31-16-67734-002-0100 | Improvements Assessment | $730,234 |
| Land Assessment | $750,206 | Total Assessment | $1,480,440 |
PROPERTY TAXES
Parcel Number
19-31-16-67734-002-0100
Land Assessment
$750,206
Improvements Assessment
$730,234
Total Assessment
$1,480,440
zoning
| Zoning Code | NSM-1 (The NSM districts allow medium-intensity suburban-style garden apartments reflecting the small and large apartment complexes constructed in the 1980s.) |
| NSM-1 (The NSM districts allow medium-intensity suburban-style garden apartments reflecting the small and large apartment complexes constructed in the 1980s.) |
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