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660 3rd Avenue South

St. Petersburg FL 33701

7190 sq. ft.
4992 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Cash flowing Assisted Living Facility in the heart of downtown! Huge opportunity to purchase this fully occupied assisted living facility in one of the best areas of downtown St Pete. Netting over $115,000 annually, with room for growth in the next year, this property offers a 7.7% cap rate! In fantastic condition, little maintenance is needed. Currently 14 bedrooms, each with their own private bath. As per owner, the facility has the possibility of being increased to over 18 residents as some of the bedrooms are big enough for double occupancy; would just require an application to the state and an approval for the increase.

Features

7190 sq. ft. floor area
4992 sq. ft. lot size
Multi-Family

Happy sellers in St. Petersburg

74%
74% of sellers in St. Petersburg reported that their sale price either exceeded or met their price expectations.

St. Petersburg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in St. Petersburg over the last 12 months.

Local market activity for multi families in St. Petersburg

In the last 12 months, 2 multi families similar to 660 3rd Avenue South, have been sold.

This represents a 34% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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