Price Reduction
Address
1405 7th AVENUE N, SAINT PETERSBURG, FL
Price
$ 985,000
Property Attributes
- MLS#U8245876
- TypeSingle Family
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodBon Air
- Zip33705
- StyleSingle Family Residence
- Year Built1928
- Taxes$ 4959
- Price$ 985,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage1656
- Lot Size0.05 Acres
Data Source:
Stellar MLS
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!!!
| Price History | |
|---|---|
| 6/14/2024 | Listed $987,000 |
| 6/21/2024 | 1% - $985,000 |
General Features
| Interior Features | Ceiling Fan(s),Open Floorplan |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric |
| Cooling | Central Air,Wall/Window Unit(s) |
| Utilities | Cable Available,Electricity Connected,Phone Available,Sewer Connected,Street Lights,Water Connected |
| Roof | Shingle |
| Appliances | Electric Water Heater,Microwave,Range,Range Hood,Refrigerator |
| Exterior Features | Awning(s),Balcony,Dog Run,Lighting,Private Mailbox,Sidewalk |
| Construction Materials | Wood Frame |
| Year Built | 1928 |
| Levels | Multi/Split |
| Property SubType | Single Family Residence |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Pinellas |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | BON AIR |
| Facing Direction | South |
| Garage Y/N | No |
| Total Rooms | 13 |
| Status | Active |
| Directions | Head west on Talmadge Gardens Rd toward Green Ln 0.3 mi Slight right onto FL-44 W/E New York Ave 2.3 mi Turn right onto N Delaware Ave 0.2 mi Turn left onto W Church St Destination will be on the rig |
| ModificationTimestamp | 2024-06-21T19:38:47.580Z |
| City | SAINT PETERSBURG |
| Buyer Agent Compensation | 1% |
| View Y/N | No |
| Senior Community Y/N | No |
| MLS Area | 33705 - St Pete |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 2039 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 4959.58 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8245876 |
| Days on Market | 7 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 80 |
| Legal Description | BON AIR W 38 1/2 FT OF LOT 80 |
| Minimum Lease | No Minimum |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Interior Features
| Flooring | Luxury Vinyl |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 4 |
| Laundry Features | Common Area,Electric Dryer Hookup,Outside,Washer Hookup |
| Total Bedrooms | 4 |
| LivingAreaSource | Public Records |
| Total Baths | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 2039 |
| Foundation Details | Concrete Perimeter |
| Building Area Total | 1844 |
| Lot Dimensions | 38 x 53 |
| Lot Size Acres | 0.05 |
| Road Surface Type | Asphalt |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33705
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on June 26, 2024 9:56 AM UTC The listing information on this page last changed on Last updated on June 26, 2024 9:56 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 26, 2024 9:56 AM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
