Price Reduction - Water Views
Address
308 GROVE STREET N, St Petersburg, FL
Price
$ 3,000,000
Property Attributes
  • MLS#U8169489
  • TypeIncome
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete
  • NeighborhoodPARK VIEW REV MAP
  • Zip33701
  • StyleMulti-Family
  • Year Built1901
  • Taxes$ 15766
  • Price$ 3,000,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage7252
  • Lot Size5,227 SqFt
Data Source:
Stellar MLS
Property Description

PARTIAL SHOWINGS CURRENTLY AVAILABLE!!! PRIME OPPORTUNITY to acquire a 12 UNIT property in the booming MIRROR LAKE area of DOWNTOWN ST PETERSBURG proper!!! Walk-able to all of the in demand destinations downtown St Pete this property is a GREAT UNIT MIX of 8 Studio Lofts, 1 1-Bedroom apartment, and 3 2-Bedroom apartments - high-demand products providing an array of leasing options in our booming rental market. With ON-SITE LAUNDRY, wood floors, updated units, fresh paint, separate entrances, secure bike storage area, FULLY SEPARATELY METERED FOR ELECTRIC and a 2014 ROOF all just off Mirror Lake, and just a few blocks to Central Ave make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in a booming pocket of Downtown St Petersburg with multiple large projects going up 1 block away in multiple directions, this property will be sure to provide SOLID, CONSISTENT CASH-FLOW and SIGNIFICANT UP-SIDE for the next owner. Current rents are below market and will have large resets, with most leases coming up end of summer/beginning of fall 2022. This area is IN HIGH-DEMAND for rentals, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE property is in an IDEAL LOCATION for Tenants!! Walk to Central Ave, Beach Drive, and all of the excellent restaurants, shops and breweries, and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. This property CAN BE PURCHASED SEPARATELY or AS A PORTFOLIO with another St Petersburg property - a pre-packaged ST PETERSBURG investment portfolio with management in place if wanted - all set to go!!!! Don't wait - invest now in the future of St Pete!!!

Price History
7/9/2022 Listed $3,200,000
9/23/2022 7% - $3,000,000

General Features

Additional Parcels Y/N No
Appliances Dishwasher, Range, Refrigerator
Association Y/N No
Building Area Units Square Feet
Buyer Agent Compensation 2.5%-$295
Carport Y/N No
City ST PETERSBURG
Construction Materials Block
Cooling Wall/Window Unit(s)
County Pinellas
Days on Market 78
Directions 5th ST N to Mirror Lake Drive N to Grove St N to address.
Disclosures Lead Paint
Exterior Features Sidewalk
Garage Y/N No
Heating Wall Units / Window Unit
Interior Features Ceiling Fans(s), Other
Levels Two
Lot Size Square Feet 5218
MLS Area 33701 - St Pete
New Construction No
Percent Ownership Fee Simple
Private Pool No
Property SubType Multi-Family
Property Type Residential Income
Roof Shingle
Security Features Security Gate
Senior Community Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name GROVE
Subdivision Name PARK VIEW REV MAP
Tax Annual Amount 15766.21
Tax Lot 4
Tax Year 2021
Total Number of Buildings 1
Total Units 12
Township 31
Unit Count 4
Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected
View City, Park/Greenbelt, Water
Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8169489
Water Access YN No
Waterfront Y/N No
Year Built 1901

Interior Features

Fireplace Y/N No
Flood Zone Code Zone X
Flooring Tile, Wood
Laundry Features Laundry Room
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix STREET
Total Baths 12
Total Bedrooms 5
Window Features Blinds

Exterior Features

Living Area 7252
Additional Water Information Views of Mirror Lake from a few units.
Building Area Total 8292
Foundation Details Stem Wall
Lot Dimensions 88x60
Lot Features City Limits, Near Marina, Near Public Transit, Sidewalk
Lot Size Acres 0.12
Road Surface Type Brick
Water Extras YN No
Water Source Public
Water View Lake
Water View YN Yes

Amenities

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

Property vs Income Average in 33701

Price
AVG $1.71M
$3M
Taxes
AVG $9,334
$15,766
Visits
AVG 108
223
Year Built
AVG 1924
1901
Walkscore
AVG 78
87
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.