Lakeview Apartments | 966 22nd Ave S
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Lakeview Apartments 966 22nd Ave S
20 Unit Apartment Building $5,314,865 CAD ($265,743 CAD/Unit) 5.30% Cap Rate Saint Petersburg, FL 33705
Investment Highlights
- All available units leased
- Individually metered for water and electric.
- Built in 2008: Modern construction ensures minimal repairs and maintenance
Executive Summary
Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
100% Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
Average Rent: Current average rent is $1,317 per unit, offering reliable, above-average rental income potential.
Cap Rate of 5.3 : A solid return on investment with room for rental increases and value enhancement over time.
Flood Zone X: Located in a low-risk flood zone for added peace of mind.
Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
Whether you're looking to add a well-performing property to your portfolio or explore long-term growth potential, this apartment complex offers a rare opportunity for a steady, profitable investment. Don’t miss out on the chance to own a property with a stable tenant base, great location, and impressive cash flow potential.
Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come.
Key Investment Highlights:
20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal.
100% Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management.
Average Rent: Current average rent is $1,317 per unit, offering reliable, above-average rental income potential.
Cap Rate of 5.3 : A solid return on investment with room for rental increases and value enhancement over time.
Flood Zone X: Located in a low-risk flood zone for added peace of mind.
Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants.
Whether you're looking to add a well-performing property to your portfolio or explore long-term growth potential, this apartment complex offers a rare opportunity for a steady, profitable investment. Don’t miss out on the chance to own a property with a stable tenant base, great location, and impressive cash flow potential.
Property Facts
| Price | $5,314,865 CAD | Building Class | C |
| Price Per Unit | $265,743 CAD | Lot Size | 1.17 AC |
| Sale Type | Investment | Building Size | 18,880 SF |
| Cap Rate | 5.30% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $5,314,865 CAD |
| Price Per Unit | $265,743 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 18,880 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2008 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Tile Floors
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 36-31-16-49014-000-0450 | Improvements Assessment | $1,459,335 CAD |
| Land Assessment | $347,593 CAD | Total Assessment | $1,806,928 CAD |
PROPERTY TAXES
Parcel Number
36-31-16-49014-000-0450
Land Assessment
$347,593 CAD
Improvements Assessment
$1,459,335 CAD
Total Assessment
$1,806,928 CAD
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Lakeview Apartments | 966 22nd Ave S
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