$1,100,000
Reduced $50,000
Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CA 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. 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
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 |
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