711 7th Avenue N, St Petersburg, FL 33701

$840,000
2,512
SqFt
Sold Price
$840,000
List Price
$899,900
Status
Sold
Days on Market
15
Closing Date
Oct 18, 2021
MLS#
U8135655
Property Style
Multi-Family
Year Built
1950
Living Area
2,512
Lot Size
5,611
Acres
0.13
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Kinyon & Woods Add
MLS Area Major
St Pete

Property Description

RARE OPPORTUNITY to purchase a 6 UNIT, FULLY OCCUPIED PROPERTY IN HIGH-DEMAND and WALKABLE HISTORIC UPTOWN!!!!! This EXCELLENTLY LOCATED property is a GREAT UNIT MIX of 4 Studios and two 1 Bedroom apartments - both high-demand products in our booming rental market. 100 PERCENT OCCUPIED, SEPARATELY METERED for electric, with OFF STREET PARKING SPACES, COURTYARD, fresh paint and a 2017 ROOF make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in the incredibly WALKABLE Historic UPTOWN area, this property will be sure to provide SOLID, CONSISTENT CASH-FLOW for the next owner. This area is IN-DEMAND for rentals, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE property is located just blocks from the DOWNTOWN ST PETE - an IDEAL LOCATION for Tenants!! Walk to Central Ave and all of the excellent restaurants, shops and breweries, and the DINING, ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. The property has STABLE RENTS with SIGNIFICANT UP-SIDE POTENTIAL!! This property CAN BE PURCHASED SEPARATELY or AS A PORTFOLIO with 2 other properties totaling 20 Units in the same neighborhood - a pre-packaged ST PETERSBURG investment portfolio with management in place if wanted - all set to go!!!! Don't wait - invest now in the future of St Pete!!!

Additional Information

Taxes
$5406
Annual Gross Income
73908
Location
City Limits, Near Public Transit, Sidewalk, Paved
Community Features
No Deed Restriction
Interior Layout
Ceiling Fans(s), Open Floorplan
Interior Features
Ceiling Fans(s), Open Floorplan
Appliances
Range, Refrigerator
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block
Exterior Features
Fence, Sidewalk
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Features
Off Street
Pets
Allowed
Flood Zone Code
X
Parcel ID
18-31-17-46836-001-0110
Legal Description
KINYON & WOODS ADD BLK A, E 48.2FT OF LOT 11 & S 55FT OF E 48.2FT OF LOT 12

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX PREFERRED. Selling Office: LUXURY & BEACH REALTY INC.

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