Active

$1,450,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 3515 sq ft
Overview
  • ID: MFRTB8330842
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 3515 sq ft
Property Details
Remarks
Turnkey 8-Unit Multi-Family Opportunity in Historic Uptown St. Petersburg Discover this exceptional investment opportunity in the heart of St. Petersburg's vibrant downtown urban core. This 8-unit property has been meticulously renovated, making it a standout asset in one of the city's most desirable neighborhoods. Recent capital improvements include a new roof (October 2022), electrical upgrades throughout the property (2020 & 2022), and updated kitchens in 5 units, with two additional units fully renovated in 2023. Additional enhancements include new flooring, fresh paint, updated exterior stairs, laundry equipment, fencing, and durable vinyl siding, ensuring low-maintenance ownership. The property comprises three separate buildings: an original bungalow, a two-story main building, and a garage apartment with multiple garage bays, offering excellent storage or potential for additional rental income. Two of the largest units feature central air via mini-split systems, and the property provides off-street parking for 5 vehicles. Situated in the Historic Uptown district, just 1.5 blocks from Round Lake Park and a short 5-7 minute drive to downtown St. Petersburg, this location offers unparalleled access to restaurants, Starbucks, shopping, and cultural attractions. Whether you’re walking your dog, biking downtown, or enjoying the charm of this historic neighborhood, this property offers an unbeatable combination of modern updates and timeless appeal. With current rents slightly below market, there is significant potential for increased revenue. Don’t miss this rare opportunity to own a turnkey investment property in one of St. Petersburg’s most sought-after neighborhoods. Please Note: Do not disturb tenants. Contact us today for additional information or to schedule a private showing!
Financial Considerations
Price:
$1,450,000
HOA Fee:
N/A
Tax Amount:
$14613
Price per SqFt:
$412.52
Tax Legal Description:
PLUNKETS, ELIJAH B LOT 5
Exterior Features
Lot Size:
7836
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central, Other
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1915
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Other
Additional Features 2:
N/A
Map
  • Address
    742 7TH AVE N
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