RW Caldwell – Sales, Rentals, Insurance and Property Management

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PRICE $925,000 BEDS 4 BATHS 4 HOME SIZE 2,009 sqft LOT SIZE 10,455 sqft Request More Info Schedule a Showing

Welcome to a prime investment opportunity in the highly sought-after South Pasadena area. Situated across from the picturesque Boca Ciega Bay and boasting numerous recent updates, this masonry 4-plex offers exceptional potential for investors. With its ideal location, attractive features, and proximity to amenities, this property is a gem waiting to be discovered. Each of the four apartments within this 4-plex is a spacious 1-bedroom, 1-bathroom unit. The apartments feature tile flooring throughout, providing durability and easy maintenance. The open kitchen/living layout creates a welcoming ambiance, perfect for entertaining or relaxation. The bedrooms are generously sized, offering ample space for comfortable living. One of the units offers water views, allowing residents to savor the beauty of Boca Ciega Bay. The property is equipped with four electric meters and one water meter, ensuring efficient utility management. Additionally, an oversized attached 2-car garage with alley access provides convenience and further enhances the property's appeal. The inclusion of a coin-operated washer and dryer in the building adds to the convenience for tenants and provides an additional income stream for the property owner. Furthermore, the four-part shed grants each unit additional storage space, enhancing the functionality of the property. Recent updates in April 2023 have significantly enhanced the property's value. The two newly resurfaced parking lots offer a polished and inviting entrance for residents and guests. Fresh exterior paint rejuvenates the building's appearance, while new landscaping enhances its curb appeal. A new roof and two new HVAC systems ensure long-term durability and efficiency. Conveniently located across from the Bayview Waterfront Park, residents can enjoy the beauty of the bay, take leisurely strolls, or indulge in various recreational activities. The property's exceptional location offers even more benefits. It is just 5 minutes away from the vibrant Tyrone shopping district, where a plethora of shops, restaurants, and entertainment options await. Downtown St. Petersburg is a mere 10 minutes away, providing access to cultural attractions, nightlife, and a thriving city center. Additionally, award-winning Gulf Beaches are a quick 5-minute drive, allowing residents to soak up the sun and enjoy the Florida lifestyle. Please note that property viewings are strictly by appointment only, and existing tenants should not be disturbed. All estimated rents provided are for reference purposes only and should be independently researched by potential buyers. Kindly consult the City of South Pasadena for any lease restrictions or regulations. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a private viewing and explore the potential of this Masonry 4-Plex in the desirable South Pasadena location.