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Julia Vakulenko - Broker -

W7861395 W7861395 W7861395 W7861395 W7861395 W7861395 W7861395 W7861395 W7861395 W7861395
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4761 1ST AVE N, ST PETERSBURG, 33713

  • $1,100,000
  • Price changed 11/20/2024 from $1,150,000, -4.35%
  • 8 Beds, 5 Baths , 2,515 Sq.Ft
  • County: Pinellas
  • Subdivision: CENTRAL PARK REV


Property highlights

  • MLS#: W7861395
  • 6,351.00 lot size Sq.Ft.
  • Year built: 1925
  • Listed: 01/26/2024
  • Taxes: $8,539.00

Property Overview

DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CA REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

Driving directions : head south on US-19, make right on 1st Ave N, and then house will be on right side of the street between 47th St and 48th St

Property Features

Rooms Dimension Description
Primary Bedroom 13x12 First level
Living Room 22x12 First level
Kitchen 11x12 First level

Interior Features

  • Living Room/Dining Room Combo
  • Thermostat

Appliances

  • Disposal
  • Dryer
  • Gas Water Heater
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Water Softener

Heating

  • Central
  • Electric
  • Gas
  • Wall Units / Window Unit

Laundry features

  • Gas Dryer Hookup
  • Laundry Room
  • Washer Hookup

Air Conditioning

  • Central Air
  • Mini-Split Unit(s)

Floor Covering

  • Wood

Utilities

  • BB/HS Internet Available
  • Electricity Available
  • Electricity Connected
  • Public
  • Sewer Available
  • Sewer Connected
  • Solar
  • Street Lights
  • Underground Utilities
  • Water Available
  • Water Connected

Exterior features

  • Courtyard
  • Lighting
  • Outdoor Shower

Parking features

  • Driveway
  • Parking Pad

Construction Materials

  • Wood Frame

Road Surface Type

  • Paved

Roof

  • Shingle

Foundation

  • Crawlspace

Vegetation

  • Mature Landscaping

School Information


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