10822 Navajo Drive, St Petersburg, FL 33708

$3,950,000
12,275
SqFt
List Price
$3,950,000
Status
Active
Days on Market
28
MLS#
R4908050
Property Style
Multi-Family
Year Built
1948
Living Area
12,275
Lot Size
89,150
Acres
2.05
Total Acreage
2 to less than 5
Legal Subdivision Name
Edgewater Estates
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

The Alcove at Madeira beach  represents a rare investment opportunity in one of the most desired real estate markets in the country. The property consists of  18 units across 9 individual duplex buildings spread over 2 acres with a pond, lush landscaping, and ability by right to add two more units per zoning. The asset has been meticulously upgraded with stainless steel appliances, new roofs, bathrooms, and more. Offering a turn key, fully renovated, block property, with multiple clear strategies for continued value appreciation and rental growth. Unit mix consists of  five (5) two bedroom, one bath units, twelve (12) two bedroom, two bath units, and one (1) three bedroom, two bath unit.   *Unit walkthrough videos & tours available upon request * Offering memorandum, financials, rent rolls, and due diligence files are available upon request. Please email for best response.

Additional Information

Taxes
$39139
Community Features
No Deed Restriction
Property Description
One Story
Zoning
RM-10
Floor
Laminate
Air Conditioning
Central Air
Exterior Construction
Block
Foundation
Block
Pool
No Pool
Water View
Pond
Water Frontage
Pond
Flood Zone Code
AE
Parcel ID
03-31-15-25020-000-0010
Legal Description
EDGEWATER ESTATES UNIT 5 LOTS 1, 2 & 3 LESS RD R/W FROM LOT 1 PER OR 1015/141 & OR 4674/560 & LOTS 4 & 5 & SW'LY 1/2 OF LOT 3 OF EDGEWATER ESTATES UNIT 3 LESS RD R/W PER OR 4674 PG 560 & LOTS 4 & 5 & SW'LY 1/2 OF LOT 3 OF EDGEWATER ESTATES UNIT 4 & THAT 75FT X 150FT UNPLATTED TRACT LYING SW OF LOT 5 OF EDGEWATER ESTATES UNIT 4 & LYING NW OF LOT 6 OF EDGEWATER EST UNIT 3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of SEACREST ADVISORS LLC.

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