7304 COQUINA WAY at

7304 COQUINA WAY

For sale Days on market 440

$884,900

$410/sq ft

$665,100
Price Decreased

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Overview

Bedroom

Year Built

1950

Sqft

2156

Property Type

Quadruplex

Property Description

Exceptional investment opportunity in St. Pete Beach. Renovations to the two first-floor apartments have been completed and inspected by the City of St. Pete Beach, including new bathrooms, cabinets, two new electrical panels, complete rewiring, all-new outlets, new appliances, and more. The property also features a brand-new roof, adding long-term value and peace of mind. All work has been performed and guaranteed by licensed contractors. The owner is willing to assist with buyer closing costs. Located in one of the nation’s most celebrated beach destinations, renowned for its soft, powdery sand and serene, crystal-clear waters, this exceptional, fully furnished, multi-unit property presents a rare investment opportunity with both immediate income and long-term value. This well-maintained fourplex features four distinct units within a single, solid-block building, offering significant savings on insurance costs. Each apartment has its own electric meter, ensuring tenant autonomy and simplifying property management. The sprinkler system is fully operational, reflecting the high maintenance standards upheld by the current owners, who have resided on-site for many years. The property includes three 1-bedroom, 1-bathroom units, two currently rented short-term and one occupied by a long-term tenant for over 10 years, and one 2-bedroom, 1-bathroom unit currently used as the owner’s private residence. Average rental income is approximately $1,800 per month for a 1-bedroom and $2,400 for a 2-bedroom. There is also potential for a fifth apartment in the garage, which already has two drains in place for a bathroom and kitchen, offering an additional revenue stream. This is a turnkey investment in a premier St. Pete Beach location, ideal for capitalizing on one of Florida’s most sought-after coastal markets. Don’t miss this chance to acquire a high-quality, income-generating property in a prime beachside setting. The seller is highly motivated and open to working collaboratively with qualified buyers to achieve a smooth and successful transaction.

Property Details

MLS#

S5112294

Address

7304 COQUINA

City

ST PETE BEACH

State/county

Zip/Postal Code

33706

Area

St Petersburg Beach Rep

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,957

Maint Fee

$--

Tax Year

2023

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