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Midtown Apartments 2745 2nd Ave S 6 Unit Apartment Building $1,800,383 CAD ($300,064 CAD/Unit) 7% Cap Rate Saint Petersburg, FL 33712
INVESTMENT HIGHLIGHTS
- Prime Location -Two blocks from Central Ave
- All units completely Updated
EXECUTIVE SUMMARY
Multi-Unit opportunity is the heart of St Petersburg. This completely renovated 6-unit property is Zoned Multifamily less than 10 units and is located just two blocks from Central Ave in St Petersburg. All units have been tastefully updated with new kitchens, AC systems, bathrooms and stainless steel appliances. Current Rental income of $9400 per month. Front building is four units completely renovated in 2019. Front units include waterproof laminate flooring, granite countertops, stainless steel appliances and renovated Bathrooms. Rear building is two units that were remodeled in 2022. Rear units include New Windows, Stainless steel appliances, large renovated bathrooms, quartz countertops and wood flooring. Plenty of Parking with 4 garage spaces. Both buildings are fully fire sprinklered, all new code compliant plumbing and electrical. Flood zone X with no insurance required! These units are in high demand and always stay rented with this desirable location!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,383 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $300,064 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7% | Building Size | 3,684 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1925/2023 |
| Zoning | MF - Multifamily less then 10 units | ||
| Price | $1,800,383 CAD |
| Price Per Unit | $300,064 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,684 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2023 |
| Zoning | MF - Multifamily less then 10 units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 23-31-16-17442-003-0110 | Total Assessment | $796,323 CAD (2025) |
| Land Assessment | $271,380 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $524,943 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
23-31-16-17442-003-0110
Land Assessment
$271,380 CAD (2025)
Improvements Assessment
$524,943 CAD (2025)
Total Assessment
$796,323 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Shirley International Realty Inc.
Midtown Apartments | 2745 2nd Ave S
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