Seller Financing
Address
8119 46TH AVENUE N St Petersburg, FL
Price
$ 599,000
Property Attributes
  • MLS#U8095050
  • TypeLand
  • CountyPINELLAS
  • CitySt Petersburg
  • AreaSt Pete-Kenneth City
  • Zip33709
  • StyleResidential
  • Taxes3041
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.69 Acres
Listing Provided Courtesy Of:
ELITE TAMPA BAY REALTY LLC
Property Description

THIS ONE-OF-A-KIND DEVELOPMENT OPPORTUNITY IS LOCATED IN SAINT PETERSBURG, JUST MINUTES FROM MADEIRA AND REDINGTON BEACH! THE PROPERTY CONSISTS OF A .80 ACRE LOT WHICH IS ALREADY ZONED FOR RESIDENTIAL USE, AND PERFECT FOR THE DEVELOPMENT OF A BRAND-NEW MULTIFAMILY BUILDING. THE SITE CAN FIT APPROXIMATELY 20 MULTIFAMILY UNITS AROUND 800 S/F EACH. THE BEST PART OF THIS DEAL IS THE FACT THAT THE SELLER IS OFFERING AMAZING SELLER FINANCING! THIS NOT ONLY HELPS REDUCE THE INITIAL AMOUNT OF CASH NEEDED AT CLOSING, BUT THE LOW MONTHLY DEBT SERVICE WILL HELP THE BUYER REDUCE MONTHLY EXPENSES THROUGHOUT THE FIRST 5 YEARS! 20-UNIT DEVELOPMENT OPPORTUNITY IN BEAUTIFUL ST. PETERSBURG, FL, 25% DOWN, 4.75% FIXED IR INTEREST-ONLY PAYMENTS OR 30-YEAR AMORTIZATION.5- YEAR BALLOON, CASH-ON-CASH RETURN OF OVER 15% BY 2021, STRUCTURES AND TREES ON-SITE ARE EASILY REMOVABLE, MAKING THIS DEVELOPMENT OPPORTUNITY EVEN BETTER, MINUTES FROM MADEIRA AND REDINGTON BEACHES, MASSIVE DEMAND FOR APARTMENT RENTALS IN THIS AREA, MAKING THIS AN IDEAL LOCATION FOR A NEW DEVELOPMENT!

Price History
8/20/2020 Listed $640,000
9/8/2020 7% - $599,000

General Features

MLS Area 33709 - St Pete/Kenneth City
Property SubType Residential
Property Type Land
Sewer Public Sewer
Special Listing Conditions None
Status Active
Terms Cash, Conventional, Private Financing Available
Township 31
Utilities Cable Available, Public, Sewer Connected
Zoning R-4
Zoning Compatible Yn Yes

Exterior Features

Front Footage 100
Lot Dimensions 100x300
Lot Size Acres 0.69
Lot Size Square Feet 29948
Number of Lots 1

Amenities

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

Property vs Zip Code Average in 33709

Price
AVG $560K
$600K
Taxes
AVG $2,688
$3,041
Visits
AVG 178
128

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