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Seller Financing Available!!! Located in prime Palma Ceia, San Pedro Flats features four apartment units each with a one-bedroom / one-bathroom floorplan. Currently 100% occupied, the two-story building has historically attracted significant tenant demand due to its location and high-quality unit interiors. Each lease has a one-year duration and includes utility reimbursements. Rare for the neighborhood, San Pedro Flats includes off-street tenant parking. Completed in 2018, the current owner undertook a substantial property renovation to bring this property in-line with the luxury single-family homes in the neighborhood. Palma Ceia is amongst the most sought-after neighborhoods in the Tampa MSA. With easy access to luxury retail and dining amenities in Hyde Park Village, proximity to picturesque Bayshore Boulevard, and direct connections to downtown Tampa's demand generators. Over the last decade, Palma Ceia has transformed into an attractive retail destination filled with independent and boutique retailers lining Bay to Bay Boulevard, two blocks north of San Pedro Flats. The submarket has experienced substantial luxury condominium development, including the 182-unit Ritz Carlton project that began construction in 2021 with sales prices starting at $1.7M. In addition to the condominium complex, Related Group/Ritz-Carlton has plans to add a dog park, swings and pedestrian walkway under the Expressway overpass which will be a great tenant amenity. This capital commitment adds to the billions of dollars of construction within the area spearheaded by Bill Gates and Jeff Vinik.
DAYS ON MARKET | 278 | LAST UPDATED | 10/23/2023 |
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TRACT | PALMA CEIA PARK A RESUB OF BLO | YEAR BUILT | 1925 |
COMMUNITY | 33629 - Tampa / Palma Ceia | COUNTY | Hillsborough |
STATUS | Sold | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
Elementary School | Roosevelt-HB |
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Jr. High School | Coleman-HB |
High School | Plant-HB |
ADDITIONAL DETAILS | |
AREA | 33629 - Tampa / Palma Ceia |
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CONSTRUCTION | Stucco, Wood Frame |
EXTERIOR | Sidewalk |
INTERIOR | Ceiling Fans(s) |
LOT | 4792 sq ft |
LOT DIMENSIONS | 50x100 |
SEWER | Public Sewer |
STYLE | Quadruplex |
SUBDIVISION | PALMA CEIA PARK A RESUB OF BLO |
TAXES | 10429.56 |
UTILITIES | Water Connected |
WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Carter Collison, COLLISON CAPITAL LLC, 407-647-0800
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/28/24 5:38 PM PDT.
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