7304 Coquina Way, St Pete Beach, FL 33706

$1,550,000
2,156
SqFt
List Price
$1,550,000
Status
Active
Days on Market
31
MLS#
S5112294
Property Style
Quadruplex
Year Built
1950
Living Area
2,156
Lot Size
5,375
Acres
0.12
Total Acreage
0 to less than 1/4
Legal Subdivision Name
St Petersburg Beach Rep
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Prime Investment Opportunity: Multi-Unit Property in the Heart of St. Pete Beach. Located in one of the nation's most celebrated beach destinations, known for its powdery sands and serene, clear waters, this exceptional multi-unit property offers a rare opportunity for investors seeking both immediate returns and long-term value. This well-maintained property features four distinct units, all housed within a single, solid-block building, providing substantial savings on insurance costs. Each apartment is equipped with its own electric meter, allowing tenants autonomy and reducing management complexity. The outdoor space includes a fully furnished patio, secured by a reinforced privacy fence, ensuring a serene environment for residents. A separate laundry facility, fitted with coin-operated machines, provides an additional revenue stream. The sprinkler system is in excellent working condition, further reflecting the high standard of maintenance, with the current owners having lived on-site for many years. The property comprises three 1-bedroom, 1-bathroom units, two of which are rented short-term, and a third occupied by a long-term tenant of over 10 years. The fourth unit, offering 2 bedrooms and 1 bathroom, serves as the owners' private residence. This listing represents a unique chance to acquire a turnkey investment in a premier St. Pete Beach location, ideal for capitalizing on one of Florida’s most sought-after coastal markets.

Additional Information

Taxes
$10957
Community Features
No Deed Restriction
Interior Layout
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
Interior Features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
Utilities
Public
Heating
Central, Electric, Wall Units / Window Unit
Air Conditioning
Central Air, Wall/Window Unit(s)
Sewer
Public Sewer
Exterior Construction
Block
Exterior Features
Rain Gutters, Sidewalk, Storage
Roof
Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
AE
Parcel ID
36-31-15-77994-057-0150
Legal Description
ST PETERSBURG BEACH REPLAT BLK 57, LOT 15

Mortgage Calculator

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Listing courtesy of ALTIS REALTY.

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