600 68th Avenue, St Pete Beach, FL 33706

$4,150,000
5,564
SqFt
List Price
$4,150,000
Status
Active
Days on Market
61
Price Change
▼ $25,000 1626113578
MLS#
U8125960
Property Style
Multi-Family
Year Built
1949
Living Area
5,564
Lot Size
16,000
Acres
0.37
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
St Petersburg Beach 1st Add
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Life is a beach now come live it. Have you every dreamed of owning your own turn key boutique motel on St Pete Beach the number one beach ranked on TripAdvisor. Well dreams can come true if you can move fast. The resort consist of 12 units all pool front. One 2 bedroom unit, Six 1 bedroom units with full kitchens, 4 efficiencies with full kitchens and one micro efficiency with mini frig. This Inn has had an extreme make over within the past year to make it an all new 5 star resort. New kitchens with white shaker cabinets and granite countertops. New bathrooms in all the efficiencies with beautiful turquoise color tile. New interior and exterior paint along with all new beachy style plank flooring, new plumbing and electrical fixtures, just too many updates to list Every unit has been custom designed and decorated with the most amazing beach styles and theme. The pool area is expansive and boast huge Royal Palm trees, tons of new outdoor furniture and 2 outdoor grills. The pool itself is all new with resort style clay spill over pots and a sun shelf for the little ones or to sun bathe. Each unit comes with it's own beach storage crate which holds it's beach wagon and chairs. to make the short 3 min walk to the white sandy beaches of Upham Beach. There are even beach bikes to rent along with a laundry room, everything is here for the guest to have the perfect beach get-a-way. The location is beyond perfect on the beach side of Gulf Blvd and within walking distance to so many wonderful beach restaurants, bars. shopping and nightlife Words can not describe how nice these rooms and resort are so it is best to see it on it 's website Uphambeachinn.com where you can view and book rooms online. Best of all this dream comes with a current cap rate of over 10 percent. The numbers are beyond belief making this a true turn key business. It's all in place nothing to do but collect the rental fees. The Inn has a motel license which allows short term daily rentals. No detail has been missed and no expense has been spared to make this resort the perfect investment you will be proud to own.

Additional Information

Taxes
$15287
Community Features
No Deed Restriction
Utilities
Electricity Connected
Heating
Wall Units / Window Unit
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block
Exterior Features
Outdoor Grill, Outdoor Shower, Storage
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
Gunite
Flood Zone Code
AE
Parcel ID
36-31-15-78336-004-0280
Legal Description
ST PETERSBURG BEACH 1ST ADD BLK 4, LOTS 28,29 AND 30 & 1/2 OF VAC ALLEY ON NER'LY SIDE

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of MURPHY REALTY.

StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on