Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.
Property Details
Property Features
Property Information:
Year Built: 2008
Living Area: 17,600 SqFt
Listing Office:
Office Name: VINTAGE REAL ESTATE SERVICES
Office Phone: (813) 684-0001
Listing Agent: John Hatcherian
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Flooring Type: Ceramic Tile
Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Window Treatments
This property is $3.2M more than the Median Sold Price and $130/SqFt less than other homes in Saint Petersburg, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #TB8334819
Listing Office:
Office Name: VINTAGE REAL ESTATE SERVICES
Office Phone: (813) 684-0001
Listing Agent: John Hatcherian
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 exclusively for consumers’ 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. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 1/7/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 19, 2004
Nov 19, 2004Home Sold
$130,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$21,921
$1,025,000
2019
$21,514
$986,150
2018
$19,827
$896,500
2017
$17,942
$815,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Midtown Academy
1701 10th St S
Distance between this listing and this school0.38 miles
Public Magnet Grades KG-5
4
/10
Melrose Elementary
1752 13th Ave S
Distance between this listing and this school0.85 miles
Public Magnet Grades PK-5
5
/10
Perkins Elementary School
2205 18th Ave S
Distance between this listing and this school1.04 miles
Public Magnet Grades PK-5
Nearby Schools
6
/10
James B. Sanderlin K-8
2350 22nd Ave S
Distance between this listing and this school1.07 miles
Public Magnet Grades KG-8
3
/10
John Hopkins Middle School
701 16th St S
Distance between this listing and this school1.16 miles
Public Magnet Grades 6-8
6
/10
Thurgood Marshall Fundamental
3901 22nd Ave S
Distance between this listing and this school2.35 miles
Public Magnet Grades 6-8
Nearby Schools
1
/10
Pinellas Mycroschool of Integrated Academics and Technologie
840 3rd Ave S
Distance between this listing and this school1.37 miles
Public Charter Grades 9-12
4
/10
Gibbs High School
850 34th St S
Distance between this listing and this school2.02 miles
Public Magnet Grades 9-12
3
/10
Lakewood High School
1400 54th Ave S
Distance between this listing and this school2.04 miles
The neighbors living near this home have an average income of $29,085. Most Saint Petersburg, FL residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
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This home is located at 966 22nd Ave S in Saint Petersburg, FL and zip code 33705 in the Lake Maggiore Shores neighborhood. This 17,600 square foot home, which was built in 2008, sits on a 1.37 acre lot. Features: 40 bedrooms, 40 bathrooms. It has been listed on Rocket Homes since January 04, 2025 and is currently priced at $3,700,000.
In December 2024 more than 42 listings in Saint Petersburg, FL were sold above the asking price. During the same period more than 69 listings were sold at asking price, while more than 268 were sold below. The inventory of homes for sale in Saint Petersburg, FL between November 2024 and December 2024 increased by 3.5%. In December 2024 median list price was $434,016 and the average listing age was 54 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 exclusively for consumers’ 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. Properties displayed may be listed or sold by various participants in the MLS.
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