bedrooms
0
bathrooms
0
square feet
3,409
Acreage
0.36
Open Houses
-
year built
1980
Full Baths
0
Half Baths
0
Under contract-accepting backup offers. Back on the market with FOUNDATION REPAIRS TO BE COMPLETED BY END OF FEBRUARY!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH WATER VIEWS!!!! Fully occupied cash generating investment property!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,300, $1,560, $1,500, $950, $1,000, $1,000 Total: $7,310 per month and $87,720 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $72,689 Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air 8% cap rate with opportunity to boost to 9-10% cap rate with rent raise and laundry area addition.
Location | |
Subdivision | ST. PETE |
County | Pinellas |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: TB8303107
Listing agent:
Steven Sallo
#3550258
Listing broker:
Lpt Realty, Llc.
(877) 366-2213
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Monday, February 24 2025 at 8:53 p.m. EST
Kotohomes National