7209 Coquina Way
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7209 Coquina Way
4 Unit Block of Flats £823,630 (£205,908/Unit) 7.14% Net Initial Yield St Pete Beach, FL 33706
Investment Highlights
- Close proximity to beach entrance. Less than an 8 minute walk to public beach entrance. Walking distance to restaurants and shops.
Executive Summary
This is a great value-added opportunity. Updating will go a long way for this property and provide instant equity. The property was affected by Hurricane Helene, The downstairs two units had about 3ft of water inside. The affected drywall has been removed and the property is being dryed out. The exterior courtyard just needed some cleaning up with the fence requiring some repairs. The compressors for the downstairs units need to be replaced. The upstairs units have brand new a/c with 10 year parts and labor warranties. The residents of the upstairs two apartments are back in their homes and are paying full rent. The laundry room is back up and operating. The downstairs units are being left as is for sale but provide a great opportunity to renovate them for the season.
Data Room Click Here to Access
- Third Party Reports
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £823,630 | Apartment Style | Low Rise |
| Price Per Unit | £205,908 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 7.14% | Building Size | 3,446 SF |
| Sale Conditions | Deferred Maintenance | Number of Floors | 2 |
| No. Units | 4 | Year Built | 1973 |
| Property Type | Residential | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Apartment |
| Price | £823,630 |
| Price Per Unit | £205,908 |
| Sale Type | Investment |
| Net Initial Yield | 7.14% |
| Sale Conditions | Deferred Maintenance |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,446 SF |
| Number of Floors | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.45/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Double Pane Windows
- Freezer
- Patio
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Rubbish Collection - Kerbside
- Wi-Fi
- Bicycle Storage
- Community-Wide Wi-Fi
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £1,883 | 780 |
| 1+1 | 2 | £1,569 | 572 |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 36-31-15-77994-046-0020 | Total Assessment | £674,593 (2023) |
| Land Assessment | £354,110 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £320,482 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
36-31-15-77994-046-0020
Land Assessment
£354,110 (2023)
Improvements Assessment
£320,482 (2023)
Total Assessment
£674,593 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | RS (Multi-Family Residential District) |
| RS (Multi-Family Residential District) |
-
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7209 Coquina Way
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