Thorntons Add Homes with 2 Car Garage Garage Description

Thorntons Add Homes with 2 Car Garage Garage Description

Welcome to Thorntons Add, a charming subdivision nestled in the heart of St. Petersburg, Florida. This vibrant community is known for its friendly atmosphere, beautifully maintained homes, and convenient access to everything that the Sunshine State has to offer.

Thorntons Add is an ideal choice for families, professionals, and retirees alike, boasting a variety of homes that cater to diverse lifestyles. One of the standout features of many residences in this subdivision is the inclusion of a true two-car garage. This spacious garage not only provides ample room for vehicles but also offers additional storage space for recreational gear, tools, or seasonal items. Imagine the convenience of having a secure, dedicated space for your cars while keeping your home clutter-free!

Living in Thorntons Add means enjoying the best of St. Petersburg, with its stunning beaches, lush parks, and vibrant cultural scene just a stone's throw away. Residents can take advantage of nearby shopping, dining, and entertainment options, ensuring that every day feels like a vacation. Whether you’re exploring the local art scene, indulging in fresh seafood, or enjoying a sunny day at the beach, you’ll find that the location of Thorntons Add is second to none.

If you’re looking for a welcoming community with homes that combine comfort and functionality, Thorntons Add in St. Petersburg is the perfect place to call home. Experience the charm of Florida living and discover your dream home today!

Newest Thorntons Add Homes with 2 Car Garage Garage Description

$1,490,000
9 Beds 7 Baths Thorntons Add SubDv. 33701 Zip Code
The 7-Unit 335 On Fifth Avenue is located three blocks to St Petersburg’s Beach Drive and waterfront parks making it an ideal permanent residence or short-term stay accommodation. Whether a year-round resident or visitor to Tampa / St Pete, tenants and guests are just four blocks to the iconic “Beach Drive Scene”. Situated in the heart of downtown and bordering the leafy redbrick avenues and stately homes of exquisite Historic Old Northeast, Beach Drive is the de facto hub for an expansive variety of popular fine dining and entertainment, sophisticated nightlife, chic galleries, superb people watching, and expansive waterfront parks. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New St. Pete Pier, Watch Discovery Center and Museum of History, to name a few. With typically more than 360 days of sunshine each year, plenty of trails to explore, and a work-life balance that happens to include beach days, it's no wonder the city of St. Petersburg was named the best place to live in Florida according Livability. In addition to its long-standing record for consecutive days of sunshine, among the city’s most prized amenities is its natural beauty with more than 200 miles of shoreline along Tampa Bay to the Gulf, Boca Ciega Bay and intercoastal waterways. Throughout the year there are more than 1,000 special events and festivals ranging from yachting, farmers markets, music festivals, sporting events, concerts and a variety of cultural venues. The 335 On Fifth Avenue is currently operated with four traditional 12-month lease units. Three units are offered on a short-term basis with typical duration of three- to four-night stays. Based on the projected year-one stabilized income and Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase and include normal and customary property management fees, the $1,490,00 Offer Price represents approximately a 12% Cap Rate. Without adjusting for the pro-forma income increase, yet still applying the Buyer’s projected year-one expense increases, the Cap Rate is approximately 7.2%. The 335 On Fifth Avenue is ideally suited for discerning investors seeking to establish a foothold in dynamic downtown St Petersburg. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire 335 On Fifth Avenue. Please contact the Listing Agent for financial details, additional information regarding the Property and Offering, and to schedule a tour of the Property.

335 5th Avenue N, St Petersburg

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