1405 7TH AVENUE N SAINT PETERSBURG FL 33705 MLS #U8245876

1405 7TH AVENUE N
SAINT PETERSBURG, FL, 33705
$979,000
4 Beds
4 Baths
1,844 SqFt
0.05 Acres
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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!!!

Property Details

Price:
$979,000
MLS #:
U8245876
Status:
Active
Beds:
4
Baths:
4
Address:
1405 7TH AVENUE N
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
BON AIR
Neighborhood:
33705 – St Pete
City:
SAINT PETERSBURG
Listed Date:
Jun 14, 2024
State:
FL
Finished Sq Ft:
1,844
Total Sq Ft:
1,844
ZIP:
33705
Lot Size:
2,039 sqft / 0.05 acres (approx)
Year Built:
1928
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Clarence Hasenbeck

Clarence Hasenbeck

Realtor®

Phone 727 492-9846

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Schools

Interior

Appliances
Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Luxury Vinyl
Heating
Electric
Laundry Features
Common Area, Electric Dryer Hookup, Outside, Washer Hookup

Exterior

Construction Materials
Wood Frame
Exterior Features
Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$4,960

Map

Community

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broker reciprocity Courtesy of 3 POINT REAL ESTATE SOLUTION. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Clarence Hasenbeck include the name of the listing broker. Neither the listing company nor Clarence Hasenbeck shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
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1405 7TH AVENUE N
SAINT PETERSBURG, FL