Active

$1,699,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4632 sq ft
Overview
  • ID: MFRU8246908
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4632 sq ft
Property Details
Remarks
INCREDIBLE CASH-FLOWING PROPERTY !!!! *8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!* *Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities. *Property Highlights:* - 8 spacious units full updated in 2021/2022 (6 units 1 bd , 1 unit 2 bd , 1 unit 3 bd) - Gated front and back yards provide privacy and security - On-site laundry room for added convenience - Beautifully landscaped grounds with ample parking - Strong income potential with most tenants under housing authority programs -800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) *Financial Highlights:* - Monthly income $13,420 - Gross Annual Income: $161,020+ - Net Operating Income (NOI): $123,900+ - Cap Rate: 7.3 % - Average Rent per Unit: $1,677 *Additional Features:* - Individual unit meters for electricity and water - Security cameras and motion-sensitive lighting - Close proximity to public transportation, shopping, and dining *Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*
Financial Considerations
Price:
$1,699,000
HOA Fee:
N/A
Tax Amount:
$14298.28
Price per SqFt:
$288.85
Tax Legal Description:
SCHOOLEY'S HOMEVILLE BLK 2, LOTS 5 AND 6
Exterior Features
Lot Size:
12367
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1949
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2025 7TH ST S
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