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
- Style
- 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 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 55+
- 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
Taxes
Visits
Walkscore
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