1. Florida
2. St Pete Beach
3. 7304 COQUINA WAY

7304 COQUINA WAY, St Pete Beach, FL 33706

• 5 beds |
• 4 baths |
• 2,156 sqft

Property Description

Seller is offering $25,000, which may be provided as a check at closing or applied toward the buyer’s closing costs, at the buyer’s discretion. Exceptional 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 nation’s most celebrated beach destinations—renowned for its soft, powdery sand and serene, crystal-clear waters—this 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 units—two currently rented short-term and one occupied by a long-term tenant for over 10 years—and one 2-bedroom, 1-bathroom unit currently used as the owner’s 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 Florida’s most sought-after coastal markets. Don’t miss this chance to acquire a high-quality, income-generating property in a prime beachside setting. The seller is motivated and open to working with serious buyers to ensure a smooth and successful transaction.

Listing Status:

Active

Date Added:

September 13, 2024 at 05:00AM

Listing Office:

ALTIS REALTY : 407-401-7447

Listing Agent:

Vicente Virgilio : 407-401-7447

MLS ID:

S5112294

Interior

• General: Ceiling Fan(s)Eating Space In KitchenOpen Floorplan
• Laundry: Laundry Room
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralElectricWall Units / Window Unit

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Vicente Virgilio, ALTIS REALTY