Introducing a fantastic investment prospect nestled in the highly coveted South Pasadena locale. Positioned opposite the stunning Boca Ciega Bay and boasting an array of recent upgrades, this solid-built 4-plex presents unparalleled potential for discerning investors. Offering an enviable mix of location, features, and convenience, this property is a hidden gem waiting to be uncovered.
Each of the four residences within this well-appointed 4-plex comprises a generous 1-bedroom, 1-bathroom layout. Featuring tile flooring throughout, these units have an airy open-plan design that seamlessly melds the kitchen and living areas. Bedrooms are generously proportioned, ensuring ample space for comfortable living.
One of the units has water views, allowing occupants to enjoy the attraction of Boca Ciega Bay. Efficient utility management is ensured with four electric meters and a single water meter. Moreover, a spacious attached common area 2-car garage accessible via the courtyard and alleyway offers added convenience and enhances the property's allure.
Further elevating the property's desirability is the inclusion of coin-operated laundry facilities, providing tenants with added convenience while generating an additional income stream for the owner. Additionally, a four-part shed affords each unit supplemental storage space, enhancing overall functionality.
A series of recent upgrades in April 2023 have significantly augmented the property's value. Newly resurfaced parking lots provide a sleek and welcoming entrance for residents and visitors alike. Fresh exterior paint revitalizes the building's facade, while updated landscaping enhances its curb appeal. A new roof and two upgraded HVAC systems ensure long-term durability and operational efficiency.
Conveniently situated across from Bayview Waterfront Park, residents can relish in the natural beauty of the bay, partake in leisurely walks, or engage in various recreational pursuits. The property's prime location offers additional advantages, with the bustling Tyrone shopping district a mere 5-minute drive away, offering an array of shops, eateries, and entertainment options.
Downtown St. Petersburg is a short 10-minute commute, granting access to cultural landmarks, nightlife, and a vibrant city center. Furthermore, the award-winning Gulf Beaches are a quick 5-minute jaunt, enabling residents to embrace the quintessential Florida lifestyle.
Please note that property viewings are strictly by appointment only, and existing tenants should not be disturbed. Rental estimates provided are for informational purposes and should be independently verified by prospective buyers. For any lease-related queries or regulations, please consult the City of South Pasadena.