3600 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL 33705
SOLD PRICE: (?)
$825,000
Multi-Family Home 12,196 Square Feet Taxes: $10,662.00 Built in 1963 Type: Multi-Family MLS # U7845277
Property Photo

Description of 3600 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL 33705

The property consists of 12 apartment units with One 2-Bedroom/2-Bath, two 2-Bedroom/1-Bath and Nine 1-Bedroom/1-Bath units that are 940 sqft each. The property is located directly across from Lake Maggori, Lake Maggori Public Park and the Boyd Hill Nature Preserve, a 245 Acre award winning park consisting of 6 miles of trails, boardwalks and nature. The views will never be obstructed by development due to it being preserved land. The property has been in the same ownership for the last 18 years and should be considered a value add acquisition, as rents are far below market standards, that could be achieved with interior and exterior renovations. The 2 story property is concrete block construction with flat roofs and covered carport parking. Additional revenue could be garnered with the installation of onsite laundry facility’s, storage areas and sub metering systems. The property has maintained a consistently high occupancy level and benefits from excellent frontage on 9th St S.

Directions to 3600 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL 33705

US 19 or 275 take 22nd Ave, head east to Dr. MLK Jr. Street S. to address.

Features of 3600 DR MARTIN LUTHER KING JR STREET S, ST PETERSBURG, FL 33705

Heating/Cooling

  • Central air
  • Central heat

Exterior

  • Block exterior
  • Stucco exterior

Lot

  • Lot acreage is: 0.67
  • Subdivision: POIRIERS 9TH ST REP

Roofing

  • Builtup

Construction

  • Total square feet: 12196.00
  • Units in building(s): 3

Other

  • Tax year: 2017