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600 68TH AVENUE

Multi-family For Sale
$5,100,000

BTC: 51.35951662

ETH: 1,564.12450431

113 days
8 bds
5,980 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Income producing property Inn has grossed $1,793,277.68, since opening Feb 2021 Embrace the extraordinary chance to acquire a fully operational, beautifully renovated boutique motel at the heart of St. Pete Beach, acclaimed for its unspoiled splendor and acclaimed as America's top beach by TripAdvisor in 2021. This exclusive resort, featuring 12 meticulously crafted units, each with direct pool access, is a sanctuary of luxury and convenience. The motel comprises 12 versatile units, including a spacious 2- bedroom suite, six elegant 1-bedroom units with full kitchens, four efficient units also with full kitchens, and a charming micro efficiency unit with a mini-fridge. A comprehensive renovation has elevated this property to a 5-star status, with each unit boasting modern mini-split AC systems, polished kitchens with shaker cabinets and granite countertops, and bathrooms with exquisite turquoise tilework. The resort is further enhanced with new interior and exterior paint, contemporary beach-style plank flooring, and updated plumbing and electrical systems. The roof, redone in 2017, and a stylishly remodeled pool area, completed in 2020, add to the property's appeal. The pool area, adorned with majestic Royal Palm trees, offers a lavish setting with ample outdoor furniture, two grills for al fresco dining, and a sun shelf for ultimate relaxation. Each unit has its own beach storage crate, complete with a beach wagon and chairs, for guest convenience. Just a 3-minute stroll away lies the soft sands of Upham Beach, with beach bikes available for those seeking to explore further. Located on the beach side of Gulf Blvd, this property is a stone's throw from an array of exquisite beachfront dining, bars, shops, and vibrant nightlife. Currently operated as a successful Airbnb, with available financial records, this property holds a valuable motel license for short-term rentals, a significant asset for the new owner. This is more than a property; it's a testament to impeccable taste and a commitment to excellence. A visit is essential to fully appreciate the beauty and opportunity it presents. The property is sold as-is, with potential owner/seller financing on favorable terms. Don't miss out on this unparalleled investment opportunity at St. Pete Beach.

Location

Facts and features

Type:
Residential Income
Parking:
Assigned
Year Built:
1949
Lot:
0.37 Acres
Heating:
Electric
Price/sqft:
$853
Cooling:
Mini-Split Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Tile

    • Vinyl

    Heating

    • Electric

    Cooling

    • Mini-Split Unit(s)

    Appliances

    • Microwave

    • Range Hood

    • Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Dry Bar

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Parking

    • Assigned

    Property

    • Pool Private: Yes

    • Exterior Features: Fenced / Lighting

    Lot

    • Lot: 0.37 Acres

    Other Property Information

    • Parcel Number: 363115783360040280

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Fiber Optics

    • Sewer Connected

  • Other financial information

    • Annual tax amount: $61,243

  • Source details

    • MLS ID: A4618686

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Other

    • Lot Features: Flood Insurance Required

    • Pool Features: Gunite / Heated / In Ground / Lighting / Solar Heat

    • Living Area: 5980

    • Water Source: Public

    • Subdivision Name: ST PETERSBURG BEACH 1ST ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SAVVY AVENUE, LLC