2200 4th St S, Saint Petersburg, FL 33705

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Building Details:

2200 4th St S is located in Saint Petersburg, FL.

Two fantastic apartment complexes that are well maintained, well managed and are Money Makers. All concrete block construction, recently renovated and fully occupied.

* 44 units total, 24 units in one complex and 20 units in the other.
* 2024 4th St has 12 studio Apartments and 12 one bedroom apartments.
* 674 22nd Ave has 13 studio apartments and 7 one bedroom apartments.
* Management is in place and has proven to be very effective.
* All units were updated in 2010, given new roofs, fresh exterior paint, many new kitchens, bathrooms and flooring as well as fans, lights and doors.
* The Air Concitioners were also updated with new or reconditioned units as appropriate in 2010.
* Construction is all one and two story concrete block.
* Off street parking is fantastic at both complexes.
* Gross rents are $289,200 (GRM is 6.9).