Location, Location, Location on St Pete Beach, the Palm Garden Apartment Complex is a rare opportunity to acquire an immaculate condominium style investment property. The meticulously well-maintained fourteen unit with two buildings has long maintained full occupancy with average stay of the 14 lessee is 6.5 years this giving the… Read More owner a reliable revenue stream. Constructed in 1972 of solid block with poured concrete floors, built on a sturdy slab with a durable stucco exterior finish. The roof was installed in 2014 and its a 20mil TPO in excellent condition white roof. The Mansard roof built around the balconies were totally rebuilt in 2020 with new 50-year shingles and all ceilings being done with weather resistant wood. The building was painted in 2020 with top-of-the-line Behr Dynasty paint. The unit mix consists of twelve one-bedroom one-bath (680mol Sq Ft plus balcony) and two two-bedroom two-bath apartments. (1000mol Sq Ft) All but three apartments have been renovated and feature contemporary luxury kitchens and bathrooms appointed with high-quality fixtures and cabinets, stainless steel appliances, granite countertops, and European-inspired tile. Bedrooms are all carpeted. A number of major capital improvement projects have been completed in recent years including, but not limited to, new mansards roofs, landscape upgrade with Citra Blue sod(decease free sod), replacement of all hot water tanks within two years , all fuse and breaker boxes, epoxy resin surfaced hallways, steps and walkways, and replacement of all condensers on roof. Apartment layouts are designed with expansive living rooms, dining areas, full-size bathrooms, and a private balcony or patio. Community features include twenty off-street private parking spaces, professionally landscaped grounds shaded by tropical trees, and all new onsite laundry facilities. Every apartment is individually equipped with modern central heating and air conditioning systems providing year-round comfort. Metered separately, electricity is paid by tenants. City water and trash collection, as well as basic cable with internet service, is provided by the owner. Hot water is supplied by efficient individual in-unit tanks. There is a public bus stop, right in front of the Apartment Complex with buses passing by all day long. St Pete Beach regularly ranks among the world’s list of best beaches!!! Apartment Complex tenants enjoy a year-round vacation style with nearby beaches. Short bike ride to public beach access at the popular Upham Beach Park and Sunset Beach Treasure Island both known for their popular white sand and breakfast area pavilion. There are plenty of restaurants within walking distance along with schools, churches, shops, bars, and not to forget the Historic Corey Avenue Shopping District. This shopper’s paradise thrives as the heart of St Pete Beach with its historic unique specialty shops, art, craft, and jewelry galleries, clothing stores, and imaginative gift shops. This Apartment Complex has been owned by one family for over 20 years and is perfect for an investor wanting a mint condition property with no near-term problems. Owner operates the property himself with no problems leaving town on vacations constantly. Investors interested in purchasing a prize-winning property, that has been extremely taken care of, THIS IS IT!!!!!! Perfect for a 1031 Exchange or a real estate investment. Please contact the Broker/Owner for financial details and additional information! Read Less
Courtesy of HOSPITALITY REALTY ENTERPRISES 727-420-5678
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi-Family 5+
Square Ft.
10,964
Lot Size
0.5 Acres
Year Built
1972
MLS Number
TB8504963
Additional Details
Property Access
Frontage Type: City Street, Road Surface: Asphalt, Paved
Building
Built in 1972, Living area: 10964, Living area units: Square Feet, 2 stories, Construction Materials: Block
Cooling
Central Air
Floors
Carpet, Ceramic Tile
Foundation
Slab
Lot
0.5 acres, Dimensions: 105x208, Fire Hydrant
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 25-31-15-78264-104-0010, Public Survey Range: 15, Public Survey Section: 25, Annual Amount: $18,231.1, Tax Block: 104, Tax Book Number: 36-42, Legal Description: ST PETERSBURG BEACH NORTH UNIT NO. 7 BLK 104, LOTS 1 AND 22, Lot: 1, Year: 2025
Utilities
Electricity Available, Public, Water Connected, Water Source: Public
Windows
Blinds
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.