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966 22nd Avenue S

St. Petersburg, FL 33705

40 beds
40 baths
17,600 sqft
~1 acre lot
$198 per sqft
2008 build
– on site

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.

Listing courtesy of STELLAR_MLS / VINTAGE REAL ESTATE SERVICES

Last checked: Checking… • Last updated Jan 31, 2025 •

MLS# TB8334819 —

The Building

Year Built:

2008
New Construction:

false
Construction Materials:

Concrete
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Window Treatments
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Ceramic Tile
Additional Rooms:

Inside Utility
Fireplace:

false

Room Dimensions

Living Area:

17600
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From I-275 take 22nd Ave S. exit East, apartments are on on right just before Dr. MLK Jr. (9th Street South)
Latitude:

27.747987
Longitude:

-82.648304
Coordinates:

-82.648304, 27.747987

The Property

Parcel Number:

363116490140000450
Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Completed
Lot Size Acres:

1.37
Lot Size Area:

1.3722
Lot Size SqFt:

59775
Lot Size Dimensions:

200 x 255 + 192 x 45
Lot Size Units:

Acres
Total Acres:

1 to less than 2
View:

false
Exterior Features:

Fenced
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12103C0282H
Additional Parcels:

true
Additional Parcels Description:

36 31 16 49014 000 0430
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

43,44
Tax Block:

020600/
Tax Legal Description:

LAKEVIEW MANOR UNNUMBERED LOT
Tax Book Number:

8-36
Tax Annual Amount:

24882

Beds

Bedrooms Total:

40

Baths

Total Baths:

40

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8334819
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

The Community

Subdivision Name:

LAKEVIEW MANOR
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

20

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/31/25 Jan 31, 2025	Price Changed	STELLAR_MLS	$3,500,000	-5.4%
1/4/25 Jan 4, 2025	Listed / Active	STELLAR_MLS	$3,700,000

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This multifamily located in Lake Maggiore Shores, St. Petersburg, FL 33705 is currently for sale for $3,500,000. 966 22nd Avenue S is a 17,600 square foot multifamily with 40 beds and 40 baths that has been on Estately for 49 days. 966 22nd Avenue S is in the Lake Maggiore Shores neighborhood of St. Petersburg and has a WalkScore® of 70, making it very walkable.

Listing Courtesy of: STELLAR_MLS and VINTAGE REAL ESTATE SERVICES.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.