7304 Coquina Way, ST PETE BEACH, FL 33706
- MLS#: S5112294 ( Residential Income )
- Street Address: 7304 Coquina Way
- Viewed: 76
- Price: $998,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1950
- Bldg sqft: 0
- Days On Market: 287
- Additional Information
- Geolocation: 27.7403 / -82.7524
- County: PINELLAS
- City: ST PETE BEACH
- Zipcode: 33706
- Subdivision: St Petersburg Beach Rep
- Provided by: ALTIS REALTY
- DMCA Notice
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DescriptionExceptional investment opportunity in St. Pete Beach. Renovations to the two first floor apartments have been completed and inspected by the City of St. Pete Beach, including new bathrooms, cabinets, two new electrical panels, complete rewiring, all new outlets, new appliances, and more. All work has been performed and guaranteed by licensed contractors. The owner is willing to assist with buyer closing costs. Located in one of the nations most celebrated beach destinationsrenowned for its soft, powdery sand and serene, crystal clear watersthis exceptional, fully furnished, multi unit property presents a rare investment opportunity with both immediate income and long term value. This well maintained fourplex features four distinct units within a single, solid block building, offering significant savings on insurance costs. Each apartment has its own electric meter, ensuring tenant autonomy and simplifying property management. The sprinkler system is fully operational, reflecting the high maintenance standards upheld by the current owners, who have resided on site for many years. The property includes three 1 bedroom, 1 bathroom unitstwo currently rented short term and one occupied by a long term tenant for over 10 yearsand one 2 bedroom, 1 bathroom unit currently used as the owners private residence. Average rental income is approximately $1,800 month for a 1 bedroom and $2,400 for a 2 bedroom. There is also potential for a fifth apartment in the garage, which already has two drains in place for a bathroom and kitchen, offering an additional revenue stream. This is a turnkey investment in a premier St. Pete Beach location, ideal for capitalizing on one of Floridas most sought after coastal markets. Dont miss this chance to acquire a high quality, income generating property in a prime beachside setting. New photos will be uploaded soon!
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