3430 19TH Avenue S, St Petersburg, FL 33711
sale
$11,400,000
|
Other
Courtesy Of Compass
New 2025 construction 29-unit rental portfolio in South St. Petersburg, offered as a package or individually. Four properties within a 2 mile radius: 3430 19th Ave S (11 units, 6 buildings, built 2025), 3451 19th Ave S (9 units, 5 buildings, built 2025), 301 to 329 49th St S (5 units, 3 buildings, built 2021) and 1519 to 1529 22nd St S (4 units, 2 buildings, built 2021). 13 two story duplex buildings and 3 single family residences, all 3 bedroom plans; duplex units are 3 bed / 2.5 bath townhome style plans of approximately 1,604 SF with great room and kitchen down, 3 bedrooms up, in unit laundry connections, individual central air and off street parking. Concrete block construction with stucco (frame with stucco at 49th St S), shingle and tile roofs, impact-rated windows at the 19th Ave S properties. 100% leased; 22 of 29 units are under Housing Choice Voucher contracts with the St. Petersburg and Pinellas County housing authorities and roughly 63% of scheduled rent is paid directly by the authorities each month; 7 units lease at market rate. Scheduled rent $975,228 per year ($81,269 per month). Tenants pay electric and water (owner pays water at 22nd St S only); ownership carries taxes, insurance and lawn care. No deferred maintenance, no capital program. 19th Ave S pair is 1 block from 34th St S (US 19), 2 miles from the Historic Gas Plant District redevelopment and 3.5 miles from downtown St. Petersburg. Offering memorandum, rent rolls and housing assistance documentation available upon execution of a non disclosure agreement. Pricing: entire portfolio $11,400,000; 19th Ave S pair $7,800,000; 3430 19th Ave S $4,316,000; 3451 19th Ave S $3,484,000; 49th St S $2,200,000; 22nd St S $1,400,000. Do not disturb residents; no signage at the properties.
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Property Features
- Age: 1-5 Years Old
- Amenities: Wired
- Amenities: Double pane windows
- Appliance: Dishwasher
- Appliance: Microwave
- Appliance: Refrigerator
- Building Units: 29
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: Concrete
- Exterior Type: Block
- Exterior Type: Stucco
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- Heating System: Central
- Legal Description: CHILDS PARK BLK 2, LOTS 4 & 5 AND W 24.4 FT OF LOT 3 (additional parcels: CHILDS PARK BLK 1, LOTS 15 & 16; BELLECREST HEIGHTS REV PLAT OF BLKS 1, 6 & 7, BLK 7, LOTS 15 THRU 19; GREEN ACRES LOTS 7 & 8)
- MLSID: O6448025
- Roof Type: Tile
- Roof Type: Shingle
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