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DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
| DAYS ON MARKET | 241 | LAST UPDATED | 7/15/2024 |
|---|---|---|---|
| TRACT | CENTRAL PARK REV | YEAR BUILT | 1925 |
| COMMUNITY | 33713 - St Pete | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Northwest Elementary-PN |
|---|---|
| Jr. High School | Azalea Middle-PN |
| High School | Boca Ciega High-PN |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener |
| AREA | 33713 - St Pete |
| BASEMENT | Crawl Space |
| EXTERIOR | Courtyard, Lighting, Outdoor Shower |
| HEAT | Central, Electric |
| LOT | 6534 sq ft |
| PARKING | Driveway, Parking Pad |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | CENTRAL PARK REV |
| TAXES | 8539 |
| UTILITIES | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected |
| WATER | Public |
| ZONING | NTM-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Nick Price, PRICE PROPERTIES & INVESTMENTS, LLC
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 9/21/24 3:00 AM PDT.
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