7209 Coquina Way
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7209 Coquina Way
4 Unit Apartment Building $1,518,825 CAD ($379,706 CAD/Unit) 7.14% Cap Rate St Pete Beach, FL 33706
INVESTMENT HIGHLIGHTS
- Close proximity to beach entrance. Less than an 8 minute walk to public beach entrance. Walking distance to restaurants and shops.
EXECUTIVE SUMMARY
This is a great value-added opportunity. Updating will go a long way for this property and provide instant equity. The property was affected by Hurricane Helene, The downstairs two units had about 3ft of water inside. The affected drywall has been removed and the property is being dryed out. The exterior courtyard just needed some cleaning up with the fence requiring some repairs. The compressors for the downstairs units need to be replaced. The upstairs units have brand new a/c with 10 year parts and labor warranties. The residents of the upstairs two apartments are back in their homes and are paying full rent. The laundry room is back up and operating. The downstairs units are being left as is for sale but provide a great opportunity to renovate them for the season.
DATA ROOM Click Here to Access
- Third Party Reports
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,518,825 CAD | Apartment Style | Low Rise |
| Price Per Unit | $379,706 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.14% | Building Size | 3,446 SF |
| Sale Condition | Deferred Maintenance | No. Stories | 2 |
| No. Units | 4 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,518,825 CAD |
| Price Per Unit | $379,706 CAD |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| Sale Condition | Deferred Maintenance |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,446 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.45/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Double Pane Windows
- Freezer
- Patio
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $3,472 CAD | 780 |
| 1+1 | 2 | $2,893 CAD | 572 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 36-31-15-77994-046-0020 | Total Assessment | $1,304,121 CAD |
| Land Assessment | $598,414 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $705,707 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
36-31-15-77994-046-0020
Land Assessment
$598,414 CAD
Improvements Assessment
$705,707 CAD
Total Assessment
$1,304,121 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
ZONING
| Zoning Code | RS (Multi-Family Residential District) |
| RS (Multi-Family Residential District) |
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7209 Coquina Way
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