$590,000

6840 Date Palm Avenue S

SOUTH PASADENA FL, 33707

Description

The Date Palm Avenue Apartments is conveniently located just south of the intersection of Pasadena and Central Avenues, in the City of South Pasadena, which borders St. Petersburg, Gulfport, St. Pete Beach, Treasure Island, and Sunset Beach. Pass-A-Grille Beach and Madeira Beach are also nearby. Retail centers in the area include Walmart Market anchored Pasadena Shopping Center, and Dillards / Macys anchored Tyrone Square. Visitors from around the globe enjoy the areas lifestyle, shopping, restaurants, world-class beaches, parks, and boating. The Property is situated on a spacious corner lot at the intersection of Date Palm and Pasadena Avenues, and consists of two efficiency and three one-bedroom units. The pro-forma contemplates a one-bedroom unit with adjacent storage room is converted to a two-bedroom unit, and the common area laundry facility is operational. Units are separately metered for electricity, paid by tenants. There is one meter for water/sewer, paid by the landlord. This offering represents a unique opportunity to acquire a stable, high quality, and rarely offered five-unit South Pasadena Florida multifamily asset, featuring high-occupancy with proximity to downtown St. Petersburg and the Gulf of Mexico beaches. Enhancing NOI by increasing rents, and generating other income may be possible. Financial data is presented for information purposes only; though obtained from sources believed to be reliable it is not guaranteed. Independent legal and financial counsel is advised.

Details

MLS#U8049934
Sub-TypeResale
StatusPending
Year1955
Days On Site90

Features

SQ Feet3,462
Units5
Building(s)1

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Area Information

StateFL
CountyPinellas
CitySOUTH PASADENA
Zip Code33707
Area33707 St Pete/South Pasadena/Gulfport/St Pete Bch
Listing VS Median (in 33707)
Price:
$590,000
low | high
Med:
$269,500
100% of Average
SqFt:
3,462
low | high
Med:
1,399
100% of Average
$ / SqFt:
$170
low | high
Med:
$193
36.964175379508% of Average
On Site:
90
low | high
Med:
162
55.555555555556% of Average
Listing Updated: 09/18/2019
MLS Number: U8049934
Listing Provided By:
Patrick Whitney  of  COLDWELL BANKER RESIDENTIAL

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.