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945 Crescent Lake Dr N
Saint Petersburg, FL 33701 Crescent Lake

$1,250,000 USD

Apartments For Sale  •  3,327 SF

Property Details

• Property Type Apartments
• Total Building Size 3,327 SF
• Lot Size 0.15 AC
• Building Class C
• Year Built 1920
• Cap Rate 6.10 %
• Zoning NT-2

50 Transit Score

80 Walk Score

Highlights

Direct Access To Tampa, Clearwater, and The Gulf Beaches

100% Occupied

Two clearly identified upside levers — activation of vacant on-site storage units ($12,000 of annual income) and mark-to-market on the month-to-month

Year 3 stabilized NOI of $83,472, a 6.68% cap rate at the list price

Crescent Lake Apartments sit directly across from Crescent Lake Park, a 56-acre lake and public park

Downtown Saint Petersburg and the Central Avenue corridor are approximately 1 mile south

Cap Rate:

6.10 %

Amenities

• Air Conditioning
• Balcony
• Laundry Facilities
• Heating
• Granite Countertops

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	24 min	-	12.7 mi
Tampa International	31 min	-	20.5 mi
Sarasota/Bradenton International	49 min	-	33.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes