Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com
Executive Summary PROPERTY OVERVIEW Barkett Realty is pleased to present a waterfront quadruplex apartment building in the desirable Treasure Island community of Isle of Palms. The property offers 4 updated apartments with fantastic water views from every unit. PROPERTY HIGHLIGHTS Excellent Condo Conversion Potential Walk to Beaches and Neighborhood Park Wonderful Waterfront Views From Every Unit All Units Very Nicely Updated PROPERTY SUMMARY Sale Price: $799,000 Number Of Units: 4 New Appliances in All Units On-Site Laundry Facility Fishing Dock in Place Adequate Parking Beautiful Setting Lot Size: 4,940 SF New Seawall Building Size: 3,264 SF Ceiling Height: 9.0 FT Year Built: 1963 Zoning: RM-15 (Residential Medium) Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 2
PROPERTY INFORMATION Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com
1 PROPERTY INFORMATION Property Description Treasure Island Waterfront Quadraplex PROPERTY DESCRIPTION Barkett Realty is pleased to present a waterfront quadruplex apartment building in the desirable Treasure Island community of Isle of Palms. The property offers 4 updated apartments with fantastic water views from every unit. LOCATION DESCRIPTION Isle of Palms Neighborhood in the beach community of Treasure Island. Property is located on the northwest side of 115th Avenue. SITE DESCRIPTION The subject parcel is a single tax lot that contains approximately 4,940 SF of land area (or 0.11 acres) and can be accessed using a continuous curb cut on the north side of 115th Avenue that leads to a parking area with pavers that can accommodate four (4) vehicles. The subject property is basically rectangular in shape and has 58' of frontage along the intracoastal waterway. ZONING RM-15 (Residential Medium) CONSTRUCTION Concrete Block/Stucco Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 4
1 PROPERTY INFORMATION Property Details PROPERTY NAME: 240 Apartments PROPERTY ADDRESS: 240 115th Avenue Treasure Island, FL 33706 APN: 23-31-15-43470-006-0280 LOT SIZE: BUILDING SIZE: ZONING: 4,940 SF 3,264 SF RM-15 (Residential Medium) YEAR BUILT: 1963 NUMBER OF STORIES: 2 WALLS: Concrete Block/Stucco NUMBER OF UNITS: 4 Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 5
1 PROPERTY INFORMATION Complete Highlights PROPERTY HIGHLIGHTS Excellent Condo Conversion Potential Walk to Beaches and Neighborhood Park Wonderful Waterfront Views From Every Unit All Units Very Nicely Updated New Appliances in All Units On-Site Laundry Facility Fishing Dock in Place Adequate Parking Beautiful Setting New Seawall Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 6
1 PROPERTY INFORMATION Additional Photos Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 7
LOCATION INFORMATION Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com
2 LOCATION INFORMATION Regional Map 240 115th Avenue Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 9
2 LOCATION INFORMATION Location Maps Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 10
2 LOCATION INFORMATION Aerial Map Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 11
FINANCIAL ANALYSIS Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com
3 FINANCIAL ANALYSIS Rent Roll TENANT NAME UNIT NUMBER UNIT BED UNIT BATH UNIT SIZE (SF) CURRENT RENT CURRENT RENT (PER SF) 1 1 1 688 $965 $1.40 2 2 1 944 $1,295 $1.37 3 1 1 688 $1,125 $1.64 4 VACANT 2 1 944 $1,350 $1.43 Totals/Averages 3,264 $4,735 $1.45 Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 13
DEMOGRAPHICS Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com
4 DEMOGRAPHICS Demographics Report 1 MILE 3 MILES 5 MILES Total households 1,960 17,954 59,359 Total persons per hh 1.8 2.0 2.1 Average hh income $75,127 $67,152 $60,410 Average house value $482,659 $387,933 $254,243 1 MILE 3 MILES 5 MILES Total population 3,593 35,786 126,628 Median age 54.0 51.6 49.0 Median age (male) 52.6 49.8 46.8 Median age (female) 56.1 53.4 50.6 * Demographic data derived from 2010 US Census Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 15
4 DEMOGRAPHICS Demographics Map * Demographic data derived from 2010 US Census 1 Mile 3 Miles 5 Miles Total Population 3,593 35,786 126,628 Population Density 1,144 1,266 1,612 Median Age 54.0 51.6 49.0 Median Age (Male) 52.6 49.8 46.8 Median Age (Female) 56.1 53.4 50.6 Total Households 1,960 17,954 59,359 # of Persons Per HH 1.8 2.0 2.1 Average HH Income $75,127 $67,152 $60,410 Average House Value $482,659 $387,933 $254,243 Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com page 16
ADDITIONAL INFORMATION Barkett Realty 615 9th Street N St. Petersburg, FL 33701 barkettrealty.com