2200 49th Street N St Petersburg, FL 33710
Business
MLS #: TB8490433
Courtesy Of Smith & Associates Real Estate
Property InformationDescription
Rare opportunity to acquire a fully leased boutique medical and aesthetic suite property with real estate in one of the most desirable corridors in St. Petersburg. This turnkey investment offers stable in-place income with significant upside potential, ideal for both investors and owner-users. The property generates approximately $150,000 in annual gross income with a projected NOI of $114,000, representing an attractive ~7% cap rate. The building is currently occupied by 10 individual tenants, operating on a mix of short-term and month-to-month leases.
Features
- Age: Over 50 Years Old
- Amenities: Security System
- Appliance: Refrigerator
- Appliance: Dryer
- Architecture Style: Other
- Building Units: 1
- Cooling System: Multi Units
- Cooling System: Ductless
- Cooling System: Central Air
- Exterior Type: Block
- Exterior Type: Concrete
- Floor Covering: Tile
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: LAKE SHEFFIELD 2ND SEC BLK 6, LOT 11
- MLSID: TB8490433
- Roof Type: Shingle
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