Description
INCOME OPPORTUNITY - 4 DUPLEXES (8 rental units) on a double lot. All units are 2-bedroom/1-bath apartments that are currently leased under market value. Expected annual gross income in As-Is condition is $86,400 to $105,600 ($900-$1,100 per unit). With some remodeling, these could easily rent for $1,200 per month or more. Block construction on concrete slabs with terrazzo floors throughout. Each building also has one attached 6x8 storage unit with laundry hook-ups. Central location is just a short 15-minute drive to the beach, a couple blocks from St. Petersburg General Hospital, shopping and restaurants - so there will never be a problem keeping them rented. 24 notice required for showing. Do not disturb tenants. Being sold in As-Is condition. Be sure to review the Property Disclosures before submitting an offer.
Property Highlights
- Acres: 0.38
- County: Pinellas
- Year Built: 1958
- Property Type: Commercial, Multi Family
- MLS #: U8151948
Area |
33709 - St Pete/Kenneth City |
Number of Units Total |
8 |
Property Subtype |
Residential Income |
Property Type |
Multi Family |
Subdivision |
Fraze Acres |
Taxes |
$8,479 |
Interior Square Footage |
5,028 |
Lot Size Acres |
0.38 |
Lot Size Dimension |
120x138 |
Lot Size Square Feet |
16,544 |