Residential Property - Single Family Residence in Saint Petersburg
Listing Price: $975,000
Description of Property
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. $1,300 $1,560 $1,500 $950 $1,000 $1,000 Total: $7,310 per month $87,720 total income per year Expenses: $250 per month for water garbage pickup $94 per month $4,128 annually Taxes $6,800 annually 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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Saint Petersburg
County: Pinellas
Subdivision: Dist:lfpw Sec/twn/rng/mer:sec 06 Twn 31s Rng 16e P
Bedrooms: 9
Bathrooms: 6
Sq. Ft. Gross: 3,409
Sq. Ft. Living Area: 3,409
Cost per (heated) sqare foot: $286
Year built: 1980
Annual Tax: $6,836
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Convection Oven, Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Tile
Laundry Features:
- Inside
- Laundry Room
- Washer Hookup
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Front: Yes
Water Frontage: Canal - Saltwater
Water Access: Yes
Water Access Type: Canal - Saltwater, Intracoastal Waterway
Water View:
Exterior & Construction
Architectural Style:
Construction: Stucco
Foundation: Block
Roof: Shingle
Exterior Features: Lighting, Other
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Water
Fencing:
Utilities:
- BB/HS Internet Available
- Cable Available
- Cable Connected
- Electricity Available
- Electricity Connected
- Water Available
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.36
Lot Size (sq. ft.): 15,494 square feet
Lot Dimensions: 98 x 156
Front Exposure: East
Adjoining Property:
Current Adjacent Use:
Additional Parcels: Yes
Additional Parcels Description: 247
Legal Description & Other Information
Financing Available: Cash, Conventional, FHA, Owner May Carry, VA Loan
Parcel Number: 063116000002201700
Zoning: R-4
Tax Legal Desc.: PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Section: 6
Range: 16
Listing courtesy of LPT REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
