Description
This 8-unit turnkey apartment opportunity is located in the heart of downtown urban core district of St. Petersburg, Florida.
The asset has been meticulously renovated over the last several years. Capital improvements include a new roof in October 2022, electrical upgrade to the entire property in 2020 & 2022, new kitchens in 5 of the 8 units in addition to new flooring, paint, exterior stairs, laundry equipment, fencing and exterior vinyl siding. All of these improvements make this asset a standout property over the competition in the area.
The property consists of 3 separate buildings, an original bungalow, a large garage apartment with multiple garage bays and ample storage for supplies, and a two-story main building. 2 of the largest units have central (mini-split systems). The property offers off-street parking for 5 vehicles.
Current rents are slightly below market due to the owner being a part-time resident and not pushing for maximum revenue but rather a full house scenario operation.
Address
Open on Google Maps- Address 742 7TH N AVENUE
- City ST PETERSBURG
- State/county FL
- Zip/Postal Code 33701
- Country US
Details
Updated on July 7, 2023 at 7:10 pm- Property ID: U8201782
- Price: $1,597,659
- Land Area: 0.18 Acres
- Garage Size: x x
- Year Built: 1915
- Property Type: Multi-Family, Residential Income
- Property Status: Pending
Features
Mortgage Calculator
- Down Payment $319,531.80
- Loan Amount $1,278,127.20
- Monthly Mortgage Payment $6,861.26
- Property Tax $1,331.38
- Home Insurance $166.67
- Monthly HOA Fees $0.00
