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, within the picturesque Pinellas County. This delightful community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal choice for families, retirees, and everyone in between.

Thorntons Add boasts beautifully designed homes, many of which feature the coveted two-car garage. This thoughtful addition not only provides ample space for vehicles but also offers extra storage for your outdoor gear, tools, and seasonal items. Imagine coming home after a long day to the comfort of your spacious garage, where you can easily park your cars and enjoy the convenience of having everything you need right at your fingertips.

The subdivision is known for its friendly atmosphere and well-maintained streets, making it a welcoming environment for residents. With nearby parks, top-rated schools, and local shops, Thorntons Add is perfectly situated for those who appreciate community living while still enjoying easy access to the vibrant culture and entertainment options that St. Petersburg has to offer.

Whether you’re exploring the stunning beaches, indulging in the local dining scene, or taking advantage of the numerous recreational activities, life in Thorntons Add means you’re never far from the action. Come discover your dream home in this idyllic neighborhood, where comfort, style, and convenience come together seamlessly. Your perfect Florida lifestyle awaits!

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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