6298 40TH AVE N
5, 3, 2,591ft²
MLS#: O6207649
Hard to find turnkey triplex in the most coveted corner of St. Pete, next to the best schools in town. The owner’s early retirement offers you the rare chance to snatch up this recently remodeled cash cow investment at below market value. Get three dream homes for the price of one. Live in one of the three spacious units—two 2-bed/1-bath and one 2-bed/2-bath—and rent the others out for ample passive income. What makes this place so special? 1) New roof in 2016. 2) New ACs in all units 2022. 3) Well maintained, with service records available. 4) Separate water/electric meters for all units. 5) Gorgeous tile flooring throughout all units and each with in suite laundry. 6) Long term tenants on month to month leases paying below market rents. 7) Zoned as a 4-plex and on an oversized lot. Potential to add another unit.
Investor notes: LTR: 3,800 /mo current, 4,200 potential w/o updates. Very little nearby competition.
STR: 85.7k gross /yr, at only half year occupancy.
Easy to show. No HOA/CDD. No storm damage. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.
Driving directions : From intersection of 54th Ave N & 62nd St N: Head south on 62nd St N. After 0.2 miles, turn right onto 51st Ave N. Property on the right after 0.2 miles.
Rooms | Dimension | Description |
---|---|---|
Kitchen | First level | |
Primary Bedroom | First level | |
Living Room | First level |
5, 3, 2,591ft²
MLS#: O6207649
4, 3, 2,514ft²
MLS#: TB8319578
4, 4, 2,236ft²
MLS#: TB8319479