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**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit. This would enhance your investment returns and maximize the property's profitability. Don't miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
| DAYS ON MARKET | 21 | LAST UPDATED | 11/19/2024 |
|---|---|---|---|
| TRACT | LA PLAZA ADD | YEAR BUILT | 1962 |
| COMMUNITY | 33712 - St Pete | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Nov 12, '24 | $799,000 |
|---|---|
| Nov 12, '24 - Nov 19, '24 | $749,000 |
| Nov 19, '24 - Today | $744,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33712 - St Pete |
| CONSTRUCTION | Block, Concrete |
| HEAT | Central |
| INTERIOR | Other |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Level, Near Public Transit, Paved |
| LOT DIMENSIONS | 82x80 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | LA PLAZA ADD |
| TAXES | 4702 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Charles Rountree, P.A., INSTA REAL ESTATE SOLUTIONS, 813-586-0654
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/25/24 7:34 PM PST.
This IDX solution is (c) Diverse Solutions 2024.