Delmar Terrace
Closed433 Delmar Terrace S, Saint Petersburg, FL 33701
Property type
Multifamily
Unit / Space count
10
Price
$718,000
Building size
5,987 sf
Rentable area
5,987 SF
Year built
1924
Year renovated
Occupancy
Zoning code
Lot size
0.10 Acres
Sold/status
Sold · Date unknown
Sale price
$718000
Bedroom count
Property description
Delmar Terrace is a 10-unit multifamily community in Downtown St. Petersburg, FL. The property was built in 1924 and features a diverse unit mix of 4 studios (300sf), 2 1Bdr 1Baths (420sf), 2 1Bdr 1Baths + Den (510sf), and 2 2Bdr 1Baths (550sf). The building sits on 0.1 acres of prime downtown real estate, surrounded by major condominium and apartment developments including The Sage Condos, Beacon 430, The Beacon on Third, Camden Pier District, the Hermitage, and more. Delmar Terrace offers the investor the opportunity to acquire a value-add multifamily community with ability for strong cash flows and excellent long-term appreciation potential.
Property highlights
- Historic Apartments in Prime Location in the Heart of Downtown St. Petersburg
- Closed at Full Asking Price in 45-Day Timeframe
- Buyer Planning to Implement Value-Add Renovation Strategy
- Excellent Walkability to Major Employment, Education, Shopping & Dining, Including Johns Hopkins All Children’s Hospital (0.2 Mi), USF St Petersburg (0.2 Mi), Publix (0.3 Mi), Central Avenue Downtown (0.4 Mi), and the Tampa Bay Waterfront (0.6 Mi)