24 Beds
12 Baths
6,350 SqFt
24 Beds
12 Baths
6,350 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,350 sqft
Price per Sqft $234
Subdivision Noblitts G E
MLS Listing ID TB8364478
Bedrooms 24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $16,590
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi-Family
Property Description
Unique Opportunity in Tarpon Springs!, Ready for long-term rentals.
This apartment building is a renovated 12-unit multifamily building at 218 N Pinellas Avenue
in the heart of historic Tarpon Springs, Florida.
The building offers a mix of:
- Three two-bed/one-bath units
- Six one-bed/one-bath units
- Two studios, and one management office suite.
-Renovations on walls, ceilings, etc
-new flooring tile and vinyl
-fresh paint
-modern kitchen cabinets with quartz countertops,
-New appliances (new ranges, new fridges)
-New bathrooms, also all bathtub were porcelainized
-Reinforced structure, concrete columns.
-New asphalt parking spaces
Additional improvements include:
New secure doors, durable and resistant flooring, a modern electrical system with LED
lighting, efficient gas and plumbing systems, new water heaters.
This property has not been affected by any flood or hurricane damage, ensuring it's properly
structured and supported.
For investors, 218 N Pinellas Avenue represents an exceptional opportunity. It requires
minimal maintenance while offering solid rental income potential. With a historically high
occupancy rate and a projected 9.39% return on investment.
EXCELLENT LOCATION DOWNTOWN PROPERTY!!! 218 N Pinellas Avenue is a short
walk to the scenic Anclote River, local parks, and stunning beaches like Fred Howard Park
Beach (9 minutes from the property) and from Sunset Beach (7 minutes.
Amid the Pinellas Trail Corridor District in a lively tourist area, 218 N Pinellas Avenue is
positioned for future redevelopment opportunities.
Employment centers like Florida Hospital North Pinellas and St. Pete College is within 2
miles, and the nearby Walmart Supercenter offers additional convenience for residents.
Smooth access to major highways such as US Highway 19 and Interstate 275 makes
commuting and travel a breeze.
Live in the Center of Action:
- Walking distance to shopping centers (City Plaza, Sponge Exchange, Tarpon Plaza)
- Close proximity to natural parks (Anclote Key Preserve, Brooker Creek Preserve, John
Chesnut Sr. Park)
- Near renowned hospitals (AdventHealth, Morton Plant, Medical Center of Trinity)
Connectivity and Convenience:
- Walk Score: 85 (highly walkable area)
- Easy access to public transportation (score 32)
- Bike infrastructure (bike score 68)
Education:
Colleges & Universities:
St Petersburg, Tarpon Springs
Drive: 6 min 3.1 mi
St Petersburg, Clearwater
Drive: 21 min 13.9 mi
Pasco-Hernando C.C., West
Drive:28 min 14.5 mi
St Petersburg College., EpiCenter
Drive:29 min 19.7 mi
218 N Pinellas Ave is within 6 minutes or 3.1 miles from St Petersburg, Tarpon Springs.
It is also near St Petersburg, Clearwater and Pasco-Hernando C.C., West.
Location
State FL
County Pinellas
Community Noblitts G E
Zoning C-1 MIXED
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating None
Cooling Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Membrane
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8364478
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