What is the Asking Price?

The current asking price for this property is $979,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 2 stories, 4 beds, 4 baths, 1,656 sqft, 0.05 acres lot, built in 1928, 13 pictures.

Where is the property located?

Property is located at 1405 7TH AVE N, SAINT PETERSBURG, FL, US. You can view this listing on our map here .

En venta: 1405 7th Ave N, St. Petersburg, 33705, FL

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1405 7TH AVE N, SAINT PETERSBURG, 33705

$979,000
Price changed 07/23/2024 from $983,000, -0.41%
4 Beds, 4 Baths , 1,656 Sq.Ft
County: Pinellas
Subdivision: BON AIR

Property highlights

MLS#: U8245876
2,039.00 lot size Sq.Ft.
Year built: 1928

Listed: 06/14/2024
Taxes: $4,959.58
Virtual Tour

Property Overview

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!!!

Driving directions : Head west on Talmadge Gardens Rd toward Green Ln 0.3 mi Slight right onto FL-44 W/E New York Ave 2.3 mi Turn right onto N Delaware Ave 0.2 mi Turn left onto W Church St Destination will be on the right

Property Features

Rooms	Dimension	Description
Primary Bedroom		First level
Primary Bathroom		First level
Studio		Second level
Primary Bathroom		Second level
Studio		Second level
Primary Bathroom		Second level
Studio		First level
Primary Bathroom		First level
Kitchen		Second level
Kitchen		First level
Kitchen		Second level
Kitchen		First level
Living Room		First level

Interior Features

Ceiling Fans(s)
Open Floorplan

Appliances

Electric Water Heater
Microwave
Range
Range Hood
Refrigerator

Heating

Electric

Laundry features

Common Area
Electric Dryer Hookup
Outside
Washer Hookup

Air Conditioning

Central Air
Wall/Window Unit(s)

Floor Covering

Luxury Vinyl

Utilities

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

Exterior features

Awning(s)
Balcony
Dog Run
Lighting
Private Mailbox
Sidewalk

Construction Materials

Wood Frame

Road Surface Type

Asphalt

Roof

Shingle

Foundation

Concrete Perimeter

Listing information courtesy of 3 POINT REAL ESTATE SOLUTION

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Listing data comes from My Florida Regional MLS.