5910 31ST STREET N, St. Petersburg, FL, 33714
4 beds
1950
1,666 sqft
Hard-to-find turnkey cash-cow triplex in a peaceful, rapidly appreciating pocket of St. Pete. The owner’s early retirement offers you the rare chance to snatch up this well-maintained income-producing triplex for well below market value. Live in one of the three spacious units: one 2-bed/2-bath and two 1-bed/1-baths, and rent the others out for ample passive income. So what makes this place so special? 1) All units well maintained with absolutely no major issues. 2) Oversized .25 acres lot with plenty of space for parking. Large space between buildings with potential to add a 4th unit. 3). Long term tenants in place - two units month-to-month, one on a lease. 4) High and dry elevated lot, unaffected by recent storms. Non-flood zone. 5) Quiet low-traffic street in a great location. Close to shopping, dining, schools, and entertainment. Just minutes from major highways and commuter routes, 10 minutes from downtown St. Pete, and seconds from the beautiful Sawgrass Lake Park, featuring walking trails, elevated boardwalks, wildlife viewing, and more. Investor notes: LTR: 3,050 / mo current, 3,500 - 3,700 potential w/o updates. Very little nearby competition. Low-maintenance, income-producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Electric Dryer Hookup, Washer Hookup
Units:
3
Subdivision:
NONE
Heating:
Electric
Cooling:
Central Air
Acreage:
0.25
Est. Taxes:
$5,483
Construction
Stucco
Utilities
Electricity Connected, Sewer Connected, Water Connected
Days on Market:
1
MLS #:
TB8456013
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of RICHARD PETERS REALTY LLC 352-448-9712