1405 7Th N Ave, St Petersburg, FL 33705
$979,000
Reduced By $8,000
last change 7/22/2024
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Home Description
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!!!
- 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 Bathroom | | First | |
Studio | | Second | |
Primary Bathroom | | Second | |
Studio | | Second | |
Primary Bathroom | | Second | |
Studio | | First | |
Primary Bathroom | | First | |
Kitchen | | Second | |
Kitchen | | First | |
Kitchen | | Second | |
Kitchen | | First | |
Living Room | | First | |
Primary Bedroom | | First | |
- 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
- 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
$970,003 (0.9% less than this home).
This home is priced at $591/sqft,
which is 33.3% less than similar homes
in the 33705 zip code.
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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.
Popular Homes
$653,871
$425,000
123
0.8%
51.2%
84
$371,091
$369,900
11
0.0%
36.4%
95
$972,256
$730,000
71
0.0%
39.4%
73
$1,583,556
$1,100,000
16
0.0%
31.2%
75
$439,629
$380,000
117
1.7%
52.1%
88
$925,132
$799,500
44
4.5%
34.1%
65
$949,461
$791,500
28
0.0%
35.7%
80
$617,356
$495,000
181
1.7%
48.1%
70
$1,029,857
$800,000
7
0.0%
28.6%
111
$1,165,700
$767,500
114
0.0%
40.4%
60
$4,444,273
$3,524,500
22
0.0%
50.0%
153
$1,225,937
$980,000
73
1.4%
37.0%
69
Listing Courtesy of 3 POINT REAL ESTATE SOLUTION.
For information or to schedule a viewing of this property (MLS# U8245876), 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 1430 10Th S Ave in St Petersburg is listed at $389,900.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in St Petersburg, FL.
Bayou Bonita, Bayboro and Pinellas Point are nearby neighborhoods.
MLS U8245876 has been posted on this site since 6/14/2024 (today).