Property Attributes
- MLS#U8246908
- TypeCommercial
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodSchooleys Homeville
- Zip33705
- StyleMulti Family
- Year Built1949
- Taxes$ 14298
- Price$ 1,699,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4632
- Lot Size0.28 Acres
Data Source:
Stellar MLS
Property Description
INCREDIBLE CASH-FLOWING PROPERTY !!!! *8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!* *Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities. *Property Highlights:* - 8 spacious units full updated in 2021/2022 (6 units 1 bd , 1 unit 2 bd , 1 unit 3 bd) - Gated front and back yards provide privacy and security - On-site laundry room for added convenience - Beautifully landscaped grounds with ample parking - Strong income potential with most tenants under housing authority programs -800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) *Financial Highlights:* - Monthly income $13,420 - Gross Annual Income: $161,020+ - Net Operating Income (NOI): $123,900+ - Cap Rate: 7.3 % - Average Rent per Unit: $1,677 *Additional Features:* - Individual unit meters for electricity and water - Security cameras and motion-sensitive lighting - Close proximity to public transportation, shopping, and dining *Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*
Price History | |
---|---|
6/20/2024 | Listed $1,699,000 |
General Features
Cooling | Wall/Window Unit(s) |
---|---|
Construction Materials | Block,Stucco |
Year Built | 1949 |
Property SubType | Multi Family |
Tax Year | 2023 |
Percent Ownership | Partnership |
County | Pinellas |
New Construction | No |
Property Type | Commercial Sale |
Subdivision Name | SCHOOLEYS HOMEVILLE |
Status | Active |
Directions | Head south on 4th St S toward I-175 W Pass by Taco Bell (on the right in 0.7 mi) ? 0.9 mi Turn right onto 18th Ave S ? 0.2 mi Turn left onto 7th St S ? 0.2 mi Turn right Destinatio |
ModificationTimestamp | 2024-07-01T06:17:57.003Z |
City | SAINT PETERSBURG |
Buyer Agent Compensation | 2%-$495 |
View Y/N | No |
MLS Area | 33705 - St Pete |
Lot Size Units | Square Feet |
Lot Size Square Feet | 12367 |
Waterfront Y/N | No |
Tax Annual Amount | 14298.28 |
Additional Parcels Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8246908 |
Days on Market | 8 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Occupancy Type | Tenant |
Tax Lot | 5 |
Legal Description | SCHOOLEY'S HOMEVILLE BLK 2,LOTS 5 AND 6 |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | A |
Interior Features
Total Stories | 2 |
---|---|
Air Conditioning Y/N | Yes |
LivingAreaSource | Public Records |
Exterior Features
Lot Size Area | 12367 |
---|---|
Foundation Details | Concrete Perimeter,Crawlspace |
Number of Buildings | 2 |
Building Area Total | 5882 |
Lot Dimensions | 101 x 125 |
Lot Size Acres | 0.28 |
Road Surface Type | Concrete |
Number of Separate Water Meters | 8 |
Number of Separate Electric Meters | 8 |
Road Frontage Type | Access Road,Alley |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool