$980,000

725 8th Street N

ST PETERSBURG FL, 33701

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Description

Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.

Details

MLS#T3265404
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1926
Days On Site122

Features

SQ Feet4,559
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Andrea Summers

Andrea Broker Associate Summers

 (407) 267-2468Contact Me Form Link
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Area Information
StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33701
Area33701 - St Pete
Listing VS Median (in 33701)
Price:
$980,000
low | high
Med:
$529,000
96.020408163265% of Average
SqFt:
4,559
low | high
Med:
2,197
100% of Average
$ / SqFt:
$215
low | high
Med:
$241
37.986818760276% of Average
On Site:
122
low | high
Med:
211
57.81990521327% of Average
Listing Updated: January 6, 2021 5:16:10 PM PST
Marvin Kelta LogoMLS Number: T3265404
Listing Provided By:
Marvin Kelta  of  SELLSTATE LEGACY REALTY

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