$975,000
Description
ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH WATER VIEWS!!!! Fully occupied cash generating investment property!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. $1,300 $1,560 $1,500 $950 $1,000 $1,000 Total: $7,310 per month $87,720 total income per year Expenses: $250 per month for water garbage pickup $94 per month $4,128 annually Taxes $6,800 annually Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $72,689 Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air 8% cap rate with opportunity to boost to 9-10% cap rate with rent raise and laundry area addition.
Listed by Steven Sallo, .
Property Highlights
- Property Type: Multi Family
- MLS #: TB8303107
Property Features
| Additional Parcels | Yes |
| Construction Materials | Stucco |
| Cooling | Central Air |
| Exterior Features | Lighting |
| Has View | Yes |
| Heating | Central |
| Interior Square Footage | 3,409 |
| Lot Size Acres | 0.36 |
| Lot Size Dimension | 98x156 |
| Lot Size Square Feet | 15,494 |
| Roof | Shingle |
| Sewer | Public Sewer |
| Water Source | Public |
| Waterfront | Yes |
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