FL
Pinellas
SAINT PETERSBURG
33705
1405 7TH N AVENUE
1405 7TH N AVENUE, SAINT PETERSBURG, FL 33705
Listing Type
Single Family
Listing Status
active
13
$979,000

Home Details for 1405 7TH N AVENUE

Price
$979,000
Type
Residential
Bedrooms
4
Bathrooms
4.0
Square feet
1656
Year built
1928
Lot size acres
0.05
County
Pinellas
Total rooms
13
Garage
Days on site
195
MLS Listing#
U8245876
Listing courtesy: 3 POINT REAL ESTATE SOLUTION - 727-743-8541
Property 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!!!

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Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Phone Available
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
    • Wall/Window Unit(s)
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Open Floorplan
Listings courtesy of Stellar MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-12-11 04:26:24
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Market statistics compiled from data from Stellar MLS.
EXIT SUNCOAST REALTY
5113 Central Ave, St. Petersburg, FL 33710
Office
727 320 3948
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