4761 1st AVENUE N, St. Petersburg, FL, 33713
3 rooms
8 beds
5 Full baths
1925
2,515 sqft
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.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Gas Dryer Hookup, Laundry Room, Washer Hookup
Subdivision:
CENTRAL PARK REV
Garage:
Driveway, Parking Pad
Heating:
Central, Electric, Natural Gas, Wall Units / Window Unit
Cooling:
Central Air, Mini-Split Unit(s)
Acreage:
0.15
Est. Taxes:
$8,539
Construction
Wood Frame
Utilities
BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Solar, Street Lights, Underground Utilities, Water Available, Water Connected
Elementary School:
Northwest Elementary-PN
Middle School:
Azalea Middle-PN
High School:
Boca Ciega High-PN
Days on Market:
1
Appliances:
Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Min Lease Term:
1 Month
MLS #:
W7861395
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of PRICE PROPERTIES & INVESTMENTS, LLC Phone: 727-453-2165