Property Listing No Longer Available for Sale

1153 34th Ave North, Saint Petersburg, FL

Multi-family for Sale - $1,150,000 - 7,016 Sq. Ft. on 0.32 acres


Property Info

CIMLS#995992
Location
  1153 34th Ave North
  Saint Petersburg FL 33704
UpdatedMarch 13th, 2018
TypeMulti-family
Price$1,150,000
Building7,016 Sq. Ft.
Land0.32 acres

Property Description

Cranberry Annie's is a very charming New Orleans style building with a warmth that makes for a comfortable and friendly atmosphere to live in. There are 2 buildings that mirror each other with front to back

entrance and exit across the apartments with porch balconies on both sides. Each building has 3 upper and 3 lower apartments a total of 12 Units. The apartments are well cared for and most have been recently upgraded. Over the past few years the apartments have been upgraded with new flooring, appliances and cabinetry in kitchens and baths, still keeping the beautiful charm and integrity of the antique look and bones of the building. They are quite spacious as one bedroom apartments with separate dining area off the kitchen and living area with fairly large

bedroom and closet space. There is a beautiful courtyard deck that attaches the two buildings and walkways from the front

and back of the buildings. The property also has a separate large garage building. The end unit is a laundry room with 2 washers and 2 dryers. There are storage areas with separate doors that are

used for additional income as storage rentals. There is a large lighted area behind garages for tenant parking. This building is a one of a kind timeless gem that must be seen to really appreciate it's warmth and charm and why it stays rented 100% of the time with people waiting

to move in. Our tenants range from mostly young professionals to retirees. We have great neighbors that love the building and comment as they stroll by how beautiful it is. Whenever an apartment becomes available it is taken the first day of listing or by referrals from current tenants. We have owned the building for the past dozen years as investment for our retirement. We have recently retired and are planning to move on. Whoever buys this building will be happy with the

return of a sound investment. Cranberry Annie's is in a wonderful neighborhood community close to shopping, restaurants, a new Trader Joe's and all the downtown entertainment, beaches and amenities that living in St. Petersburg has to offer.


Financials

Annual Income: 120,000,

Total Expenses: 40,000

Net Operating Income: 80,000