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218 N PINELLAS AVENUE, Tarpon Springs, FL, 34689 | $1,490,000
Vacant newly remodeled. Close to the Beach and Downtown Tarpon Springs. ¡PRICE NOW REDUCED!
Unique Opportunity in Tarpon Springs!, Ready for long-term rentals.
This apartment building is a renovated 12-unit multifamily building at 218 N Pinellas Avenue
in the heart of historic Tarpon Springs, Florida.
The building offers a mix of:
- Three two-bed/one-bath units
- Six one-bed/one-bath units. !% Bedrooms and 11 Bathrooms.
- Two studios, and one management office suite.
-Renovations on walls, ceilings, etc
-new flooring tile and vinyl
-fresh paint
-modern kitchen cabinets with quartz countertops,
-New appliances (new ranges, new fridges)
-New bathrooms, also all bathtub were porcelainized
-Reinforced structure, concrete columns.
-New asphalt parking spaces
Additional improvements include:
New secure doors, durable and resistant flooring, a modern electrical system with LED
lighting, efficient gas and plumbing systems, new water heaters.
This property has not been affected by any flood or hurricane damage, ensuring it's properly
structured and supported.
For investors, 218 N Pinellas Avenue represents an exceptional opportunity. It requires
minimal maintenance while offering solid rental income potential. With a historically high
occupancy rate and a projected 9. 39% return on investment.
EXCELLENT LOCATION DOWNTOWN PROPERTY!!! 218 N Pinellas Avenue is a short
walk to the scenic Anclote River, local parks, and stunning beaches like Fred Howard Park
Beach (9 minutes from the property) and from Sunset Beach (7 minutes.
Amid the Pinellas Trail Corridor District in a lively tourist area, 218 N Pinellas Avenue is
positioned for future redevelopment opportunities.
Employment centers like Florida Hospital North Pinellas and St. Pete College is within 2
miles, and the nearby Walmart Supercenter offers additional convenience for residents.
Smooth access to major highways such as US Highway 19 and Interstate 275 makes
commuting and travel a breeze.
Live in the Center of Action:
- Walking distance to shopping centers (City Plaza, Sponge Exchange, Tarpon Plaza)
- Close proximity to natural parks (Anclote Key Preserve, Brooker Creek Preserve, John
Chesnut Sr. Park)
- Near renowned hospitals (AdventHealth, Morton Plant, Medical Center of Trinity)
Connectivity and Convenience:
- Walk Score: 85 (highly walkable area)
- Easy access to public transportation (score 32)
- Bike infrastructure (bike score 68)
Education:
Colleges & Universities:
St Petersburg, Tarpon Springs
Drive: 6 min 3. 1 mi
St Petersburg, Clearwater
Drive: 21 min 13. 9 mi
Pasco-Hernando C. C. , West
Drive: 28 min 14. 5 mi
St Petersburg College. , EpiCenter
Drive: 29 min 19. 7 mi
218 N Pinellas Ave is within 6 minutes or 3. 1 miles from St Petersburg, Tarpon Springs.
It is also near St Petersburg, Clearwater and Pasco-Hernando C. C. , West.
Features
- Bedrooms: 24
- Units: 12
- Laundry: None
- Year Built: 1925
- Heating: None
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 6,350
- Acreage: 0.16
- Est. Taxes: $16,590
- MLS#: TB8364478
- Days on Market: 6 days
- Website: https://www.raveis.com
/prop/TB8364478/218npinellasavenue_tarponsprings_fl?source=qrflyer
Listing courtesy of STATION SQUARE REALTY LLC Phone: 727-642-8805
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
218 N PINELLAS AVENUE, Tarpon Springs, FL, 34689
$1,490,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,192,000 | $1,192,000 | $1,192,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
| Monthly Tax Payment | $1,383 | $1,383 | $1,383 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,243 | $7,633 | $10,302 |
| Total Monthly Payment | $8,750 | $9,140 | $11,809 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388