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Miki Matrullo

team@homematchmakingrealty.com +1(941) 626-5234

$ 979,000

Est. payment -/mo

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1405 7TH AVE N Saint Petersburg, FL 33705

4 Beds

4 Baths

1,656 SqFt

UPDATED:

09/04/2024 09:15 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,656 sqft

Price per Sqft $591

Subdivision Bon Air

MLS Listing ID U8245876

Bedrooms 4

Full Baths 4

HOA Y/N No

Originating Board Stellar MLS

Year Built 1928

Annual Tax Amount $4,959

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 38x53

Property Description

Charming 4-Unit Multi-Family Property in Uptown St. Pete Producing $6,082 monthly. Step into a prime investment opportunity with this meticulously renovated 2-story multi-family property in the sought-after Uptown neighborhood of St. Petersburg. This charming building blends historic elegance with modern amenities. Fully leased and generating $6,082 monthly, it promises consistent cash flow and long-term appreciation potential. This property offers an excellent ROI with potential for rent increases. As a turnkey investment, all four units are fully renovated with modern finishes, ensuring minimal immediate capital expenditure. Each unit has its own electric meter, simplifying management and making utility costs predictable. Located just minutes from Downtown St. Pete’s vibrant dining, shopping, and entertainment, the neighborhood boasts high rental demand, ensuring low vacancy rates and stable income. Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with 9 months remaining on the lease. Unit 2, on the second floor, is a studio with a separate kitchen and private bathroom, currently renting for $1,507 per month, with an expected renewal at $1,600 per month. Unit 3, also on the second floor, is a studio with a private bathroom, renting for $1,600 per month with 8 months remaining. Unit 4 is a ground-floor studio with a full kitchen and private bathroom, renting for $1,275 per month, also with 8 months remaining. With individual electric meters and modern amenities, property management is streamlined. St. Pete’s growing real estate market promises value appreciation, making this property an attractive long-term investment. Financially, the property an annual gross income of $72,984. With anticipated rent adjustments, the annual income can increase further, enhancing the investment’s profitability. All financial details and lease information provided are accurate as of the listing date. Prospective buyers are encouraged to verify all details and conduct thorough due diligence. Seize this lucrative investment opportunity today and secure your stake in St. Pete’s thriving real estate market!!!

Location

State FL

County Pinellas

Community Bon Air

Direction N

Interior

Interior Features Ceiling Fans(s), Open Floorplan

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Flooring Luxury Vinyl

Fireplace false

Appliance Electric Water Heater, Microwave, Range, Range Hood, Refrigerator

Laundry Common Area, Electric Dryer Hookup, Outside, Washer Hookup

Exterior

Exterior Feature Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Story 2

Entry Level Multi/Split

Foundation Concrete Perimeter

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by 3 POINT REAL ESTATE SOLUTION

Miki Matrullo

Broker | License ID: BK3333103

+1(941) 626-5234

Miki Matrullo

1405 7TH AVE N Saint Petersburg, FL 33705

Key Details

Location

Interior

Exterior

Building

Others

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1405 7TH AVE N