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… Read More 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. Read Less
Courtesy of LPT REALTY 877-366-2213
Listing Snapshot
Days Online
126
Last Updated
Property Type
Single Family Residence
Beds
9
Full Baths
6
Square Ft.
3,409
Lot Size
0.36 Acres
Year Built
1980
MLS Number
TB8302468
30 Days Snapshot Of 33709
$293k
+9%
(avg) sold price
28
-17%
homes sold
51
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Meters: 316.71, Room Count: 4, Building Area Total: 3409, Building Area Units: Square Feet, Construction Materials: "Stucco", Direction Faces: East, Levels: "One", Living Area: 3409, Stories Total: 1, Year Built: 1980
Water Features
Water Access: Canal - Saltwater, Intracoastal Waterway, Water Front Features: "Canal - Saltwater"
Lot
Lot Size Square Meters: 1439, Total Acreage: 1/4 to less than 1/2, 0.36 acres, 15494 square feet, Dimensions: 98x156, Number Of Lots: 2, View: "Water"
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