Courtesy of: Brad Kuskin, COMPASS FLORIDA LLC, brad.kuskin@compass.com
Courtesy of: Brad Kuskin, COMPASS FLORIDA LLC, brad.kuskin@compass.com
$11,400,000
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49,895 square feet
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Lot: 1.95 Acres
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Other
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$11,400,000
3430 19TH Avenue S New 2025 construction 29-unit rental portfolio in South St. Petersburg, offered as a package or individually. Four properties within a 2 mile radius: 3430 19th Ave S (11 units, 6 buildings, built 2025), 3451 19th Ave S (9 units, 5 buildings, built 2025), 301 to 329 49th St S (5 units, 3 buildings, built 2021) and 1519 to 1529 22nd St S (4 units, 2 buildings, built 2021). 13 two story duplex buildings and 3 single family residences, all 3 bedroom plans; duplex units are 3 bed / 2.5 bath townhome style plans of approximately 1, 604 SF with great room and kitchen down, 3 bedrooms up, in unit laundry connections, individual central air and off street parking. Concrete block construction with stucco (frame with stucco at 49th St S), shingle and tile roofs, impact-rated windows at the 19th Ave S properties. 100% leased; 22 of 29 units are under Housing Choice Voucher contracts with the St. Petersburg and Pinellas County housing authorities and roughly 63% of scheduled rent is paid directly by the authorities each month; 7 units lease at market rate. Scheduled rent $975, 228 per year ($81, 269 per month). Tenants pay electric and water (owner pays water at 22nd St S only); ownership carries taxes, insurance and lawn care. No deferred maintenance, no capital program. 19th Ave S pair is 1 block from 34th St S (US 19), 2 miles from the Historic Gas Plant District redevelopment and 3.5 miles from downtown St. Petersburg. Offering memorandum, rent rolls and housing assistance documentation available upon execution of a non disclosure agreement. Pricing: entire portfolio $11, 400, 000; 19th Ave S pair $7, 800, 000; 3430 19th Ave S $4, 316, 000; 3451 19th Ave S $3, 484, 000; 49th St S $2, 200, 000; 22nd St S $1, 400, 000. Do not disturb residents; no signage at the properties.
Courtesy of: Brad Kuskin, COMPASS FLORIDA LLC, brad.kuskin@compass.com
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