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1405 7Th N Ave St Petersburg FL 33705 MLS U8245876

$979,000

Reduced By $8,000
last change 7/22/2024

Photo one of 1405 7Th N Ave St Petersburg FL 33705 | MLS U8245876
1405 7Th N Ave
St Petersburg, FL 33705 MLS# U8245876
  • Bedrooms

    4

  • Baths

    4

  • Sq. Feet

    1656

  • Year Built

    1928

  • Days On Market

    161

  • $/SqFt

    $591

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Home Description: 1405 7Th N Ave

Charming 4-Unit Multi-Family Property in Uptown St. Pete Producing $6,082 monthly. Step into a prime investment opportunity with this meticulously renovated 2-story multi-family property in the sought-after Uptown neighborhood of St. Petersburg. This charming building blends historic elegance with modern amenities. Fully leased and generating $6,082 monthly, it promises consistent cash flow and long-term appreciation potential. This property offers an excellent ROI with potential for rent increases. As a turnkey investment, all four units are fully renovated with modern finishes, ensuring minimal immediate capital expenditure. Each unit has its own electric meter, simplifying management and making utility costs predictable. Located just minutes from Downtown St. Pete’s vibrant dining, shopping, and entertainment, the neighborhood boasts high rental demand, ensuring low vacancy rates and stable income. Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with 9 months remaining on the lease. Unit 2, on the second floor, is a studio with a separate kitchen and private bathroom, currently renting for $1,507 per month, with an expected renewal at $1,600 per month. Unit 3, also on the second floor, is a studio with a private bathroom, renting for $1,600 per month with 8 months remaining. Unit 4 is a ground-floor studio with a full kitchen and private bathroom, renting for $1,275 per month, also with 8 months remaining. With individual electric meters and modern amenities, property management is streamlined. St. Pete’s growing real estate market promises value appreciation, making this property an attractive long-term investment. Financially, the property an annual gross income of $72,984. With anticipated rent adjustments, the annual income can increase further, enhancing the investment’s profitability. All financial details and lease information provided are accurate as of the listing date. Prospective buyers are encouraged to verify all details and conduct thorough due diligence. Seize this lucrative investment opportunity today and secure your stake in St. Pete’s thriving real estate market!!!

  • Private Pool: False
  • Water Feet: 0
  • Interior Features: Ceiling Fans(s),Open Floorplan
  • Appliances: Electric Water Heater,Microwave,Range,Range Hood,Refrigerator
  • Floor Covering: Luxury Vinyl
  • Exterior Features: Awning(s),Balcony,Dog Run,Lighting,Private Mailbox,Sidewalk
  • Exterior Contruction: Wood Frame
  • Foundation: Concrete Perimeter
  • Front Exposure: South
  • Roof: Shingle
  • Building Sqft: 1844

Available now at $979,000

Approximate Room Sizes / Descriptions

Primary BathroomFirst
StudioSecond
Primary BathroomSecond
StudioSecond
Primary BathroomSecond
StudioFirst
Primary BathroomFirst
KitchenSecond
KitchenFirst
KitchenSecond
KitchenFirst
Living RoomFirst
Primary BedroomFirst
  • Garage: False
  • Garage Spaces: 0
  • Carport: False
  • Carport Spaces: 0
  • Air Conditioning: Central Air,Wall/Window Unit(s)
  • Heating: Electric
  • Utilities: Cable Available,Electricity Connected,Phone Available,Sewer Connected,Street Lights,Water Connected
  • Lot Sqft: 2039.00
  • Lot Dim: 38x53
  • Lot Acres: 0.0500
  • Total Acre: 0 to less than 1/4
  • Lot Num: 80
  • Senior Community: False
  • Style: Single Family Residence
  • Building Num Floors: 2
  • : 727-743-8541

Neighborhood

The average asking price of a 4 bedroom St Petersburg home in this zip code is $844,797 (13.7% less than this home).

This home is priced at $591/sqft, which is 34.9% less than similar homes in the 33705 zip code.

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1405 7Th N Ave St Petersburg FL 33705

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Financial

  • Approx Payment:$4,763*
  • Taxes:$4,960

Area Stats

These statistics are updated daily from the My Florida Regional MLS. For further analysis or to obtain statistics not shown below please call EasyStreet Realty at (407) 252-3959 and speak with one of our real estate consultants.

Listing Courtesy of 3 POINT REAL ESTATE SOLUTION. For information or to schedule a viewing of this property (MLS# U8245876) located at 1405 7Th N Ave St Petersburg FL 33705, call: 407-252-3959

1405 7Th N Ave, St Petersburg FL is a single family home of 1656 sqft and is currently priced at $979,000 . This single family home has 4 bedrooms. A comparable home for sale at 1100 Melrose S Ave in St Petersburg is listed at $334,900. This home on 1405 7Th N Ave has decreased in price by $8,000 and the last change was on 7/22/2024. In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures in St Petersburg, FL. Bayboro, Bayou Bonita and Powers Bayview Estates are nearby neighborhoods. MLS U8245876 has been posted on this site since 6/14/2024 (today).

2024 11/21/2024.

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