2025 7TH ST S Saint Petersburg, FL 33705
UPDATED:
08/19/2024 07:00 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $356
Subdivision Schooleys Homeville
MLS Listing ID U8248112
Bedrooms 11
HOA Y/N No
Originating Board Stellar MLS
Year Built 1949
Annual Tax Amount $14,298
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 101x125
Property Description
OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!!
*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 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths)
- 11 bedrooms and 9 bathrooms.
- 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) or convert it in extra bedrooms , it is already considered heated sqft.
*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
OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!!
*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!*
Location
State FL
County Pinellas
Community Schooleys Homeville
Direction S
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Common Area, Laundry Room, Outside
Exterior
Exterior Feature Balcony, Courtyard, Fence, Lighting, Private Mailbox, Rain Gutters, Sidewalk, Storage
Utilities Available Electricity Connected, Water - Multiple Meters
Waterfront false
Roof Type Other
Garage false
Private Pool No
Building
Foundation Concrete Perimeter, Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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