Price Reduction
Address
9001 DR MARTIN LUTHER KING JR STREET N St Petersburg, FL
Price
$ 699,900
Property Attributes
  • MLS#U8119324
  • TypeIncome
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • NeighborhoodGeorgian Terrace
  • Zip33702
  • StyleMulti-Family
  • Year Built1967
  • Taxes$ 7357
  • Price$ 699,900
  • Bedrooms8
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4052
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
DALTON WADE INC
Data Source:
Stellar MLS
Property Description

Daycare that can be easily converted to 6plex assisted living facility. Zoning allows this to be a multifamily and the kitchens and bathrooms are in place for it to be a multifamily. Potential rent for 6plex is $94,000 a year. This is only 9 min away from St Pete downtown and 15 min from TOP RATED USA beaches. This is a two building property with a large lot (over 17,000+ sq ft.) and plenty of parking space. There are two 2/1s and four 1/1s, each with washer and dryer hook ups. The property is BLOCK and one level with a garden/courtyard in the center. Build a dog park or use it as additional parking or you can even tear the building down and build a two story property, the OPPORTUNITIES ARE ENDLESS. Duplexes down the street are selling for upwards of 300k + (google 781 73rd, 470 93rd and 486 88th- lots of comparables for sales and rents). 2/1s are expected to be rented for $1,250-$1,300 and the 1/1s rent market rates are $1,100. TAMPA BAY IS A HOT MARKET - For the second month in a row, the Tampa-St. Petersburg-Clearwater metro area had the second best job index, according to the Small Business Employment Watch by Paychex. St. Petersburg has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5% (source- bestplaces.net)

Price History
4/12/2021 Listed $749,900
5/1/2021 7% - $699,900

General Features

Construction Materials Concrete
Cooling Central Air
Exterior Features Fenced
Flooring Linoleum, Vinyl
Heating Central
Interior Features Living Room/Dining Room Combo
Levels One
MLS Area 33702 - St Pete
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name GEORGIAN TERRACE
Total Num Buildings 2
Total Units 6
Township 30
Utilities Cable Available
Year Built 1967

Interior Features

Laundry Features Outside
Living Area 4052.00
Unit Count 2

Exterior Features

Building Area Total 4643.00
Foundation Details Slab
Lot Size Acres 0.40
Lot Size Square Feet 17420

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33702

Price
AVG $2.53M
$700K
Taxes
AVG $4,307
$7,357
Visits
AVG 1705
129
Year Built
AVG 1970
1967

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