$1,649,000 for Sale
2025 7th street , saint petersburg, FL 33705
| Beds 11 | Baths 9 | 4,632 Sqft | 0.28 Acres |
|
1 of 19 |
Property Description
INCREDIBLE CASH-FLOWING PROPERTY !!!! OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!! *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 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths) - 11 bedrooms and 9 bathrooms. - 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) or convert it in extra bedrooms , it is already considered heated sqft. *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 OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!! *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!*
General Information
Sale Price: $1,649,000
Price/SqFt: $356
Status: Active
MLS#: U8248112
City: saint petersburg
Post Office: saint petersburg
County: Pinellas
Subdivision: schooleys homeville
Acres: 0.28
Lot Dimensions: 101 x 125
Bedrooms:11
Bathrooms:9
House Size: 4,632 sq.ft.
Acreage: 0.28 est.
Year Built: 1949
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Concrete
Garage: No
Construction: Block, Stucco
Exterior Misc: Balcony, Courtyard, Fenced, Lighting, Private Mailbox, Rain Gutters, Sidewalk, Storage
Basement: No
Foundation : Concrete Perimeter, Crawlspace
Cooling: Wall/Window Unit(s)
Heating: Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $14,298
Legal Description: SCHOOLEY'S HOMEVILLE BLK 2, LOTS 5 AND 6
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Davide Timori of PREMIER PORTFOLIO INTL REALTY, Phone: 727-471-4980
