10822 Navajo Drive Saint Petersburg, FL 33708
The Alcove at Madeira beach represents a rare investment opportunity in one of the most desired real estate markets in the country. The property consists of 18 units across 9 individual duplex buildings spread over 2 acres with a pond, lush landscaping, and ability by right to add two more units via current zoning. The asset has been meticulously upgraded with stainless steel appliances, new roofs, bathrooms, and more. Offering a turn key, fully renovated, block property, with multiple clear strategies for continued value appreciation and rental growth. Unit mix consists of five (5) two bedroom, one bath units, twelve (12) two bedroom, two bath units, and one (1) three bedroom, two bath unit. *Unit walkthrough videos & tours available upon request * Offering memorandum, financials, rent rolls, and due diligence files are available upon request. Please email for best response.
- Property TypeCommercial
- NeighborhoodEdgewater Estates
- CountyPinellas
- Taxes$39,139
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusActive
- MLS ID NumberR4908050
- Home Size Source Public Records
- Year Built1948
- Lot Size2.05 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Number of Stories 1
- Acreage 2.05
- Property Sub Type Multi Family
- Foundation Block
- Zoning RM-10
- Ownership Corporation
- Parcel Number 03-31-15-25020-000-0010
Interior Features
- Cooling Central Air
- Flooring Laminate
Exterior Features
- Waterfront Property Yes
- Waterfront Features Pond
- Road Frontage City Street
Community Features
- Township 31
- MLS Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores