Skip To Content

    2624 12TH Street N

    St Petersburg, FL 33704
    • $475,000
    • STATUS: Pending
    • ON SITE: 7 days
    • MLS #: U8126216
    Pending
    UPDATED: 57 min ago
    $475,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,312
      SQFT
    • $205
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    The 2624 12th Street N Quadraplex Apartments are located in the affluent, charming Greater Woodlawn neighborhood of North St. Petersburg, a trendy and quiet enclave within the City where most residents own their homes. Woodlawn, popular with young professionals and families alike, is highly desired for its many local restaurants, coffee shops, boutiques, and parks. This charismatic neighborhood is also just minutes from St. Petersburgs lively Downtown scene featuring an array of top-rated bars, restaurants, galleries, museums and entertainment venues, all of which can be easily accessed by public transportation, or a very short and convenient drive via the nearby 4th Street corridor. The Propertys proximity to I-275 at 22nd Ave N also facilitates ease of commuting throughout the entire Greater Tampa / St Pete Metro Area. Tenants are just minutes to the Central Avenue Grand & Edge District, and vibrant Downtown St Petes popular restaurants, bars, cafs, galleries, and boutiques along Beach Drive on Straub and Vinoy Parks overlooking the Tampa Bay waterfront Yacht Basin. St. Petersburg is experiencing a new "Golden Age and revitalization creating exciting lifestyles boasting a diverse multitude of retail, dining, entertainment and cultural venues, and employment opportunities. The City, home to University of South Florida, seven museums, and dozens of galleries, hosts over 900 yearly events attracting more than 10 million visitors to festivals, art and music exhibits, yacht races, and sporting events. The Property is comprised of two structures built of solid block and frame construction. The 12th St N facing building consists of one each studio and one-bedroom apartments on the first floor; a spacious two-bedroom apartment occupies the entire second floor. The second building features a second floor one-bedroom apartment above three secure ground floor garages with private entrances on the west alley. The Property also features abundant off-street parking. Various interior upgrades including select flooring, baths and kitchens, appliances, and countertops have been completed. Tenants pay electric per separate meters. Landlord pays wtr/swr/trsh. Occupancy is 100%. Rents average $590, ranging from $460 to $725. Tenants are month-to-month. Pro-Forma real estate taxes are estimated based on the offer price with the Property projected to operate on an owner-managed basis with expenses equal to approximately 45% of EGI. Seller First Mortgage Financing may be considered with viable offers. A most compelling aspect of the Offering is the Propertys N St Petersburg Woodlawn location and proximity to Downtown, Central Avenue, and Tropicana Field. Proposals announced in January 2021 for redevelopment of Tropicanas campus, considered "86 acres of urban gold with boundless potential, envision rebuilding Booker Creek to serve as the focal point of a citywide destination with exciting new residential, office, retail, restaurant, hotel with conference space, and nearly 30 acres of pedestrian open space for museums, civic and entertainment venues. A new campus for USF, expansion of nearby medical institutions, and the first ever Pinellas County Convention Center have also been discussed. This Offering presents a unique opportunity to acquire a rare North St Petersburg Woodlawn asset, potentially with Seller First Mortgage Financing, priced below $500,000 that's located near St Petersburgs Downtown, Central Avenue, and the Tropicana Campus.

    Monthly Payment Calculator




    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-16T15:41:19.16.
    www.searchsarasotahomes.com/homes/118023514
    Print Image

    2624 12TH Street N St Petersburg, FL 33704

    • Price: $475,000
    • Status: Pending
    • Updated: 57 min ago
    • MLS #: U8126216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,312
    SQFT
    $205
    $/SQFT
    1925
    Built
    Neighborhood:
    Pinellas Add To St Petersburg Fla
    County:
    Pinellas
    Area:
    St Pete/Euclid
    Property Description
    The 2624 12th Street N Quadraplex Apartments are located in the affluent, charming Greater Woodlawn neighborhood of North St. Petersburg, a trendy and quiet enclave within the City where most residents own their homes. Woodlawn, popular with young professionals and families alike, is highly desired for its many local restaurants, coffee shops, boutiques, and parks. This charismatic neighborhood is also just minutes from St. Petersburgs lively Downtown scene featuring an array of top-rated bars, restaurants, galleries, museums and entertainment venues, all of which can be easily accessed by public transportation, or a very short and convenient drive via the nearby 4th Street corridor. The Propertys proximity to I-275 at 22nd Ave N also facilitates ease of commuting throughout the entire Greater Tampa / St Pete Metro Area. Tenants are just minutes to the Central Avenue Grand & Edge District, and vibrant Downtown St Petes popular restaurants, bars, cafs, galleries, and boutiques along Beach Drive on Straub and Vinoy Parks overlooking the Tampa Bay waterfront Yacht Basin. St. Petersburg is experiencing a new "Golden Age and revitalization creating exciting lifestyles boasting a diverse multitude of retail, dining, entertainment and cultural venues, and employment opportunities. The City, home to University of South Florida, seven museums, and dozens of galleries, hosts over 900 yearly events attracting more than 10 million visitors to festivals, art and music exhibits, yacht races, and sporting events. The Property is comprised of two structures built of solid block and frame construction. The 12th St N facing building consists of one each studio and one-bedroom apartments on the first floor; a spacious two-bedroom apartment occupies the entire second floor. The second building features a second floor one-bedroom apartment above three secure ground floor garages with private entrances on the west alley. The Property also features abundant off-street parking. Various interior upgrades including select flooring, baths and kitchens, appliances, and countertops have been completed. Tenants pay electric per separate meters. Landlord pays wtr/swr/trsh. Occupancy is 100%. Rents average $590, ranging from $460 to $725. Tenants are month-to-month. Pro-Forma real estate taxes are estimated based on the offer price with the Property projected to operate on an owner-managed basis with expenses equal to approximately 45% of EGI. Seller First Mortgage Financing may be considered with viable offers. A most compelling aspect of the Offering is the Propertys N St Petersburg Woodlawn location and proximity to Downtown, Central Avenue, and Tropicana Field. Proposals announced in January 2021 for redevelopment of Tropicanas campus, considered "86 acres of urban gold with boundless potential, envision rebuilding Booker Creek to serve as the focal point of a citywide destination with exciting new residential, office, retail, restaurant, hotel with conference space, and nearly 30 acres of pedestrian open space for museums, civic and entertainment venues. A new campus for USF, expansion of nearby medical institutions, and the first ever Pinellas County Convention Center have also been discussed. This Offering presents a unique opportunity to acquire a rare North St Petersburg Woodlawn asset, potentially with Seller First Mortgage Financing, priced below $500,000 that's located near St Petersburgs Downtown, Central Avenue, and the Tropicana Campus.
    Exterior Features

    Attached Garage Yn Yes Carport Yn No Construction Materials BlockStuccoWood Frame Exterior Features Other Foundation Details Slab Lot Size Dimensions 40X150 Parking Features Garage Faces RearGround LevelOff StreetUnder Building Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Wall/Window Unit(S) Fireplace Yn No Heating Wall Units / Window Unit Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 22697.00 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn Yes New Construction Yn No Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 3781.88 Tax Year 2020 Total Num Buildings 2 Utilities Electricity ConnectedPublicSewer ConnectedWater - Multiple MetersWater Connected


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Coldwell Banker Residential.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-16T15:41:19.16.
     
    https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8126216-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8126216-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_U8126216-2.jpg
    Logo
    Zarghami Group | Keller Williams Classic Group
    3355 Clark Rd. Suite 103
    Sarasota FL, 34231