244 7th Avenue N, St Petersburg, FL 33701

Description

Don’t miss this highly sought after Historic Old NE Multifamily quadraplex. A half block away is a great coffee shop, OLD NE Tavern, close to other shopping and a multitude of restaurants. This property with off street parking includes 3 one bedroom/ one bath units and a larger 2 bedroom/ two bath with bonus room. These homes have been tastefully renovated starting in 2016, featuring open floorplans, updated kitchens with stainless appliances inclusive of dishwashers and granite counters, stackable washer/dryers, walk-in closets, and traditional central HVAC or Mini splits (ductless central HVAC). This property has been well maintained, a new roof in 2015, tented in 2021, newer vinyl fencing and gates, also new gutters with leaf guards. Each unit is separately metered for electric, and all share a single water meter. Currently leased by young professionals through various months in 2022, but each unit has a potential for increased rents. This is an opportunity to live in one unit and have other units generate revenue or better yet, get three investors and create your own co-op or condo conversion. Single condos in this market are priced well over what these are if considered individually! This structure is a concrete block 4-plex, with a possible use for redevelopment of 4 townhomes. This property is a short walking distance to Tampa Bay waterfront parks and all that downtown St Pete offers. Location has easy access to I-275 with a 30-minute drive to airports in Tampa or St Pete/ Clearwater. Location, Location, Location. NON-Flood Zone X.