Address
2025 7th STREET S, SAINT PETERSBURG, FL
Price
$ 1,699,000
Property Attributes
- MLS#U8246908
- TypeCommercial
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodSchooleys Homeville
- Zip33705
- StyleMulti Family
- Year Built1949
- Taxes$ 14298
- Price$ 1,699,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4632
- Lot Size0.28 Acres
Data Source:
Stellar MLS
Property Description
INCREDIBLE CASH-FLOWING PROPERTY !!!! *8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!* *Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities. *Property Highlights:* - 8 spacious units full updated in 2021/2022 (6 units 1 bd , 1 unit 2 bd , 1 unit 3 bd) - Gated front and back yards provide privacy and security - On-site laundry room for added convenience - Beautifully landscaped grounds with ample parking - Strong income potential with most tenants under housing authority programs -800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) *Financial Highlights:* - Monthly income $13,420 - Gross Annual Income: $161,020+ - Net Operating Income (NOI): $123,900+ - Cap Rate: 7.3 % - Average Rent per Unit: $1,677 *Additional Features:* - Individual unit meters for electricity and water - Security cameras and motion-sensitive lighting - Close proximity to public transportation, shopping, and dining *Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*
| Price History | |
|---|---|
| 6/20/2024 | Listed $1,699,000 |
General Features
| Cooling | Wall/Window Unit(s) |
|---|---|
| Construction Materials | Block,Stucco |
| Year Built | 1949 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Partnership |
| County | Pinellas |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SCHOOLEYS HOMEVILLE |
| Status | Active |
| Directions | Head south on 4th St S toward I-175 W Pass by Taco Bell (on the right in 0.7 mi) ? 0.9 mi Turn right onto 18th Ave S ? 0.2 mi Turn left onto 7th St S ? 0.2 mi Turn right Destinatio |
| ModificationTimestamp | 2024-06-27T05:50:51.407Z |
| City | SAINT PETERSBURG |
| Buyer Agent Compensation | 2.5%-$495 |
| View Y/N | No |
| MLS Area | 33705 - St Pete |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 12367 |
| Waterfront Y/N | No |
| Tax Annual Amount | 14298.28 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8246908 |
| Days on Market | 5 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 5 |
| Legal Description | SCHOOLEY'S HOMEVILLE BLK 2,LOTS 5 AND 6 |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | A |
Interior Features
| Total Stories | 2 |
|---|---|
| Air Conditioning Y/N | Yes |
Exterior Features
| Lot Size Area | 12367 |
|---|---|
| Foundation Details | Concrete Perimeter,Crawlspace |
| Number of Buildings | 2 |
| Building Area Total | 5882 |
| Lot Dimensions | 101 x 125 |
| Lot Size Acres | 0.28 |
| Road Surface Type | Concrete |
| Road Frontage Type | Access Road,Alley |
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 Commercial Average in 33705
Price
Taxes
Visits
Year Built
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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 28, 2024 9:51 PM UTC
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© 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.
