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 | |
Updated | March 13th, 2018 |
Type | Multi-family |
Price | $1,150,000 |
Building | 7,016 Sq. Ft. |
Land | 0.32 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