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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,808 sqft
Price per Sqft $499
Subdivision Kennedys Sub
MLS Listing ID U8202017
Sold Date 05/07/24
Bedrooms 1
HOA Y/N No
Originating Board Stellar MLS
Year Built 1953
Annual Tax Amount $6,309
Lot Size 0.610 Acres
Acres 0.61
Property Description
We are proud to bring to market one of Uptown St Petersburg's finest properties - Regency Villa Apartments! Featuring 16 apartments on 3 PARCELS made up of 6 TOTAL LOTS, Regency Villa Apartments has a significant footprint in booming St Pete. Sitting in eminently WALK-ABLE and IN-DEMAND Historic Uptown, the property holds 15 studio apartments and one 1 Bedroom apartment in 3 freshly painted buildings surrounding a beautiful courtyard with pool - a truly peaceful oasis in the city! With many recently renovated, these apartment homes are centrally located just blocks from downtown St Pete and Old Northeast, and just steps to 4th St and gorgeous Crescent Lake, providing an ideal location in a HIGH DEMAND rental area for tenants now and in the future! OFF STREET PARKING for most, ON SITE LAUNDRY for all, and a SHADED & FENCED POOL tying it all together make this property truly unique for the product, the market, and the location, ensuring strong rentability ahead with less income volatility - tenants will choose these apartments over others, leading to fewer, shorter vacancies between tenancies. Recent density allowance trends bode well for the future of these 6 LOTS on just over half an acre in one of the top markets in the country. With easy access to the freeway for a short drive to Tampa or either of our excellent airports, and an even shorter 12 mins to gorgeous St Pete Beach, this property is positioned perfectly for the best of Tampa Bay living - your tenants will thank you!! Video tour available, showings of vacant units allowed when available, and always happy to meet on site for a walkaround so don't hesitate to reach out!
Location
State FL
County Pinellas
Community Kennedys Sub
Direction N
Interior
Interior Features Open Floorplan
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Courtyard, Other, Storage
Parking Features Off Street
Pool In Ground
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
View City, Garden
Roof Type Other
Porch Covered
Garage false
Private Pool Yes
Building
Lot Description City Limits, Near Public Transit, Sidewalk
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with RE/MAX METRO