Expand Gallery
/
$1,150,000
8
beds
5
baths
2,515
sqft
For Details, Contact
Sea Glass Florida Properties

Description

DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

Property Highlights

  • Heating / Cooling: Central
  • Property Type: Single Family, Single Family Residence
  • MLS #: W7861395

General Information

Area 33713 - St Pete
Elementary School Northwest Elementary-PN
High School Boca Ciega High-PN
Middle School Azalea Middle-PN
Property Subtype Residential
Property Type Single Family Residence
Subdivision Central Park Rev
Taxes $8,539
Utilities Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected

Room Information

Fireplace Features Yes
Flooring Wood
Full Baths 5
Laundry Gas Dryer Hookup, Laundry Room, Washer Hookup
Total Baths 5
Total Beds 8

Property Features

Appliances Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Basement Crawl Space
Cooling Central Air
Direction Faces South
Exterior Features Courtyard, Lighting, Outdoor Shower
Fencing Fenced, Wood
Heating Central, Electric
Interior Square Footage 2,515
Lot Size Acres 0.15
Lot Size Square Feet 6,351
Roof Shingle
Rooms 3
Sewer Public Sewer
Stories Two
Water Source Public
Windows Blinds
$1,150,000
8
beds
5
baths
2,515
sqft
For Details, Contact
Sea Glass Florida Properties
St. Petersburg, FL
St. Petersburg Area
Price Range
$62K-$13M
St. Petersburg, Florida Welcome to St. Petersburg, Florida, also known as "The Sunshine City" for its year-round sunshine and beautiful coastal location. Situated on the shores of Tampa Bay, St. Petersburg offers residents a vibrant urban lifestyle...
Location
4761 1st Avenue N, St Petersburg, FL 33713 Driving Directions
Similar Listings
St. Petersburg Area
Nearby Schools
Listed by Nick Price, Price Properties & Investments, Llc.
Stellar MLS Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2024 MLS GRID. All Rights Reserved.