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35961 HOUSE 1405 7th Ave N. St. Petersburg Fl 33705

$ 979,000
1405 7th Ave N, St. Petersburg, FL 33705, EE. UU.,
  • Updated On:
  • December 27, 2024
  • 4 Bedrooms
  • 4 Bathrooms

“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!!!”

Address: 1405 7th Ave N, St. Petersburg, FL 33705, EE. UU.
State/County:
Zip: 33705
Country: United States
Property Id: 3301145
Price: $ 979,000
Rooms: 4
Bedrooms: 4
Bathrooms: 4
Custom ID: 35961
Structure Type: Wood
Floors No: 2
Outdoor Details
balcony
Garden
Other Features
Chair Accessible
front yard
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$ 5,019.53
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,795.78
Fri 14 Feb
Sat 15 Feb
Sun 16 Feb
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      Giancarlo R. Gonzalez

      Real Estate Broker
      Giancarlo Gonzalez is a distinguished figure in both the military and real estate arenas, ...
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      Giancarlo R. Gonzalez