310 78TH AVENUE
St Pete Beach, FL 33706
0.33 acres | #U8255200
Description
Under contract-accepting backup offers. Turn-Key 6-Unit Investment Property on Saint Pete Beach: Perfect for 1031-Exchange Buyers with Flexible Financing
This newly updated 6-unit property on Saint Pete Beach offers an outstanding investment opportunity with owner financing available at a minimum of 20% down—ideal for 1031-Exchange buyers seeking a tax-advantaged purchase. Situated in a highly desirable area, this property is not just about location; it’s about smart, strategic investing in a booming market.
Key Investment Highlights:
Prime Location: Only a 5-minute drive from the nearest hospital, this property is perfectly positioned to attract traveling nurses and mid-term renters. Its proximity to several other healthcare facilities further enhances its rental appeal.
Comprehensive Upgrades: Recent improvements include new appliances, updated electrical panels, efficient HVAC systems, and a brand-new roof, ensuring minimal maintenance costs and maximum tenant satisfaction. Freshly painted with new landscaping, the property boasts excellent curb appeal—an important factor in attracting high-quality tenants. And ample space to put in a new pool to maximize rents.
High Demand Area: Located next to the Saint Pete Beach Recreation Center and neighboring popular hotspots like Mastry’s Brewing Co. and Riptides, tenants have access to a vibrant community. Just one block from Corey Avenue, with its shops, restaurants, and the Sunday Market, and a quick 10-minute drive to Pass-a-Grille Beach, this property is ideally situated to offer the best of beachside living.
Strong Rental Income Potential: The combination of its location, condition, and amenities makes this property an excellent candidate for both short-term and mid-term rentals. Its proximity to the healthcare sector adds a stable, year-round tenant base, reducing vacancy risk.
Flexible Financing: With owner financing available, investors can secure this property with a minimum of 20% down, making it accessible for those looking to leverage their capital. This flexibility is particularly appealing to 1031-Exchange buyers looking to reinvest with tax advantages.
Future Value Appreciation: Given the ongoing popularity of Saint Pete Beach as both a tourist destination and a sought-after residential area, this property is well-positioned for future value appreciation, offering both immediate rental income and long-term capital growth.
This property checks all the boxes for savvy investors: strategic location, comprehensive updates, strong rental potential, and flexible financing. It’s a rare opportunity to secure a turn-key investment in one of Florida’s most desirable beach communities. Don’t let this opportunity pass you by!
| Unit 1 | 1/1 | 375 | $1,600.00 |
| Unit 2 | 1/1 | 375 | $1,600.00 |
| Unit 3 | 1/1 | 375 | $1,395.00 |
| Unit 4 | 1/1 | 375 | $1,600.00 |
| Unit 5 | 1/1 | 555 | $1,895.00 |
| Unit 6 | 2/2 | 800 | $2,800.00 |
Interior Details
- InteriorOpen Floorplan
Property Details
- Exterior MaterialsBalcony
Measurements
- Acres0.33
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1947
Material information
- FoundationSlab
Utilities / Energy Details
- Utility FeaturesElectricity Connected
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionST JO-MAR CONDO
Location
- CountyPinellas
Financial Details
- Original List Price$1,340,000
- Taxes Annual$1,802
- Days on Market (Cumulative)22
Other
- MLS #U8255200
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Stephanie LeFew | Keys to Castles Group
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Jason White (#MFR260054624)
Listing Office: LPT REALTY, LLC (#MFR261016803)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.