1026 12th Street N, St Petersburg, FL 33705

Description

This is truly a unique apartment building, has been in the family since 1925 and are the original owners. The property is located within a short bike ride to downtown St. Pete’s waterfront and entertainment district. This six-unit complex has been very well maintained, two efficiencies and four 1 bedrooms. All buildings have been rewired to code with hard wired interconnected smoke detectors. New roofs as of January 2021. All sewer lines are replaced with PVC and cleanouts. All galvanized water lines have been replaced from the street meter to each unit along with shut-off valves. Fire extinguishers have been recertified. Laundry facility on premises along with large storage area. State licenses are current. Security lights along with Blink Security cameras outside in common areas. The owner has kept the rents low to avoid turnover. Rents could be much higher. Projected income, $86,700. Some tenants are long term. The water bill is evenly split between all six tenants, monthly. The neighborhood is historic in nature and is surrounded by new million dollar plus homes and very well-maintained historic properties. Short walking distance to St Anthony’s BayCare Hospital and the 4th Street restaurant district. The owner has taken pride in the property, and it shows.