Active
1405 7TH AVE N
SAINT PETERSBURG FL, 33705
$979,000
$591.18 per sqft
Active
4 Beds
4 Baths
1,656 sqft
Residential
Built in 1928
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!!!
U8245876
MLSⓇ ID
June 14, 2024
Listed
September 5, 2024
Updated
Map
1405 7TH AVE N
SAINT PETERSBURG FL, 33705
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Ceiling Fans(s), Open Floorplan
Appliances
Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Description
Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Floor Description
Luxury Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.05 Acres
Exterior Features
Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33705 - St Pete
Taxes
$4,960
Tax Frequency
Annually
Days on Market
82
Garage
No
View
No
County
Pinellas
Municipality
31
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/23/2024 | Price change | $979,000 -1% |
7/3/2024 | Price change | $983,000 -1% |
6/21/2024 | Price change | $985,000 -1% |
Listed by 3 POINT REAL ESTATE SOLUTION
Listing Contact: 727-743-8541
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. KVA Group participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
©2024 Stellar MLS. All rights reserved.
Data last updated 9/5/2024, 1:12 PM UTC