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    8119 46TH Avenue N

    St Petersburg, FL 33709
    • $599,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: U8095050
    UPDATED: 221 min ago
    $599,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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!

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    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-10-29T23:40:17.21.
    www.armelrealestate.com/homes/109168170
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    8119 46TH Avenue N St Petersburg, FL 33709

    • Price: $599,000
    • Status: Active
    • Updated: 221 min ago
    • MLS #: U8095050
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    Neighborhood:
    St Pete/Kenneth City
    County:
    Pinellas
    Area:
    St Pete/Kenneth City
    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!
    Exterior Features

    Front Footage 100 Lot Size Dimensions 100X300 Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Association Yn No Cdd Yn No Disclosures None Flood Zone Code X For Lease Yn No Listing Terms CashConventionalPrivate Financing Available Property Sub Type Residential Special Listing Conditions None Tax Annual Amount 3041.00 Tax Year 2019 Utilities Cable AvailablePublicSewer Connected Zoning R-4


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Elite Tampa Bay Realty Llc.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-10-29T23:40:17.21.
     
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    Armel Real Estate
    1101 Miranda Lane, Suite 131
    Kissimmee FL, 34741