4420 37th Street South

St. Petersburg, FL 33711

$2,000,000
Price
12
Beds
7,840 Sq. Ft.
$255 / Sq. Ft.
7,840
Sq. Ft.
$255
per Sq. Ft.

Description

10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION, just update the Condo Docs. This well-maintained concrete block multifamily has huge upside potential with current rents below market. Comprised of (8)1 bedroom/1 bath and (2) 2 bedroom/2 bath units nicely appointed and well maintained. Each unit has a private covered patio space facing westward, perfect for taking...10-unit income-producing property located in the heart of the newly invigorated Skyway Marina District. Uniquely subdivided with individually parceled units for easy CONDO CONVERSION, just update the Condo Docs. This well-maintained concrete block multifamily has huge upside potential with current rents below market. Comprised of (8)1 bedroom/1 bath and (2) 2 bedroom/2 bath units nicely appointed and well maintained. Each unit has a private covered patio space facing westward, perfect for taking in the coastal breeze while watching the sunset. Month-to-month leases allow the buyer to add value by stabilizing rents or selling individually. Freshly painted exterior. The detached laundry with 4 coin-operated machines provides an additional income stream. Newly resurfaced car parking with 10 tandem spots for tenants and 3 additional spaces for guests. Units are individually metered with each tenant paying for their electricity. Owner currently pays water/sewer/garbage. First-class walkability. The Pinellas Trail runs directly in front of the building. Situated adjacent to multi-million dollar waterfront neighborhoods. Within blocks of area favorites: Starbucks, Tiki Docks, Maximo Marina, and Publix. The Skyway Marina District has been experiencing rapid expansion and change with more development on the way, including a new Sprouts Farmers Market. Easy access to I-275, US19, Eckerd College, DT St Pete, and area beaches. Do not disturb tenants Do not walk property
  1. Listed by Ashley Frazier • DALTON WADE INC

Property Details for 4420 37th Street South

Subdivision Name
CARIBBEAN APTS CONDO
Township
32
Waterfront
No

Location

Listing Courtesy of DALTON WADE INC, Ashley Frazier
Add your commute
LISTING UPDATED: 04/04/2024 11:23 AM

Property Details for 4420 37th Street South

StatusActive
MLS #U8223142
Days on Market124
Taxes$10,458 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1969
Lot Size0.42 AC / 18,125 SF
CountyPinellas County

Location

Listing Courtesy of DALTON WADE INC, Ashley Frazier
Add your commute

Building Information for 4420 37th Street South

Stories-Residences10Year Built1969Building Size-Lot Size0.42 AC / 18,125 SF

Payment Calculator

$11,786 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$872

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4420 37th Street South

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 7840.0
  • Building Area Units: Square Feet
  • Directions: From 34th Street South, head WEST on 46th Avenue South and NORTH on 37th Street South. The building will be on the EAST side of 37th St S. 4420 37th Street S. ***DO NOT DISTURB TENANTS**
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 4420
  • Street Name: 37TH
  • Street Suffix: STREET
  • Street Direction Suffix: S
  • State: FL
  • City: ST PETERSBURG
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Name: Condo Docs and Fees Not Currently Enforced
  • Association: No
  • CDD: No
  • Tax Block: 13459
  • Tax Book Number: 41-69
  • Tax Legal Description: CARIBBEAN APTS CONDO UNIT 1; CARIBBEAN APTS CONDO UNIT 2; CARIBBEAN APTS CONDO UNIT 3; CARIBBEAN APTS CONDO UNIT 4; CARIBBEAN APTS CONDO UNIT 5; CARIBBEAN APTS CONDO UNIT 6; CARIBBEAN APTS CONDO UNIT 7; CARIBBEAN APTS CONDO UNIT 8; CARIBBEAN APTS CONDO UNIT 9; CARIBBEAN APTS CONDO UNIT 10
  • Tax Lot: 0010
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels Description: 03-32-16-13459-000-0010; 03-32-16-13459-000-0020; 03-32-16-13459-00
  • Additional Parcels: Yes
  • Lot Features: Flood Insurance Required, FloodZone, Landscaped, Near Public Transit
  • Lot Size Dimensions: 145 x 125
  • Parcel Number: 03-32-16-13459-000-0010
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: NSM-1
  • Living Area: 7840
  • Lot Dimensions: 145 x 125
Property and Assessments
  • Year Built Numeric: 1969
  • Flood Zone Code: AE
  • Flood Zone Date: 08-24-2021
  • Flood Zone Panel: 12103C0281H
  • New Construction: No
  • Number Of Lots: 10
  • Property Attached: No
  • Public Survey Range: 16
  • Public Survey Section: 03
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Other Structures: Other
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 12
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Heating: Central
  • Interior Features: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $144,510.00
  • Gross Income: $206,424
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Heated Sq Ft 1: 730
  • Unit Type Number Of Units Occupied 1: 8
  • Unit Type Pro Forma 1: 1550
  • Unit Type Type 1: 1 Bed/1 Bath
  • Unit Type Units Total 1: 8
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 1000
  • Unit Type Number Of Units Occupied 2: 2
  • Unit Type Pro Forma 2: 2100
  • Unit Type Type 2: 2 Bed/2 Bath
  • Unit Type Units Total 2: 2

Property History for 4420 37th Street South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4420 37th Street South

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Gulfport Montessori Elementary School
PublicPK to 5

Bay Point Middle School
Public6 to 8

Lakewood High School
Public9 to 12

Bay Point Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4420 37th Street South is a multi-family home for sale in St. Petersburg, FL 33711. This property was listed for sale on December 4, 2023 by DALTON WADE INC, it's currently listed at $2,000,000. This listing's school district is Pinellas. Nearby schools include Gulfport Montessori Elementary School, Bay Point Middle School and Lakewood High School. 4420 37th Street South is a 12-bed, 0-bath, 7,840 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DALTON WADE INC, Ashley Frazier

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/04/2024 11:23 AM