2900 1st AVENUE S, St. Petersburg, FL, 33712 | $1,145,000

Welcome to your dream INVESTMENT opportunity in the heart of St. Petersburg, Florida! FREE HOME WARRANTY ON ALL UNITS/CLEAN 4 POINT AND WIND MIT TRANSFERABLE TO BUYER This completely REMODELED cash-flowing TRIPLEX is situated just one block from Central Ave on a CORNER-LOT, offering convenience and charm in equal measure. Step into modern luxury with a host of recent upgrades including a NEW ROOF in 2021, BRAND NEW CENTRAL HVAC and DUCT WORK installed in 2023, NEW PLUMBING 2023 throughout the property including water lines, NEW ELECTRICAL IN 2023 including brand new ELECTRICAL PANELS AND 3 NEW SEPARATE ELECTRIC METERS, NEW LUXURY VINYL PLANK FLOORING throughout, FRESH EXTERIOR AND INTERIOR PAINT 2023, and NEW WINDOWS 2023, ensuring peace of mind for years to come with all permits on public record. Each unit has 2 bedrooms and 1 bathroom with one currently being occupied and rented at $2, 500 dollars per month on a 1 year lease. The front unit, Unit A, is the largest unit having 2 bedrooms, 1 bathroom plus an OFFICE/DEN area as well as a FIREPLACE. The upstairs unit, Unit B, has a separate a dining room off the kitchen, 2 bedrooms, 1 bathroom and a separate laundry room area currently a PADSPLIT with each tenant paying $1200 per month. This unit is FULLY FURNISHED with queen beds w/headboards, couch, TVs in bedrooms, TV in living room, fully kitchen set and MORE! Unit C is the back unit and has 2 bedrooms, 1 bathroom with a MUD ROOM in the front for additional storage space. This unit does have 2 bedrooms however one of the bedrooms is really ideal for an office space. The units have NEW CEILING FANS in the living rooms and bedrooms as well as LED mirrors in all the bathrooms, making this triplex primed for efficiency and functionality. Inside each unit, you'll find contemporary finishes and thoughtful touches at every turn including glass door knobs! Enjoy the convenience of NEWER STAINLESS STEEL APPLIANCES, complete with DISHWASHERS, and stackable front-loading WASHER AND DRYERS in each unit. Organized living is made easy with CLOSET ORGANIZERS in bedrooms boasting WALK-IN CLOSETS, while CEILING FANS keep the living spaces and bedrooms comfortable year-round. The kitchens and bathrooms feature NEW CABINETS, QUARTZ countertops, and gold faucets and knobs for a modern look! Outside, the property dazzles with freshly painted exteriors featuring a CHIC MURAL, adding a touch of character to the neighborhood as well as NEW LANDSCAPING IN 2024. The property has its own PARKING LOT in the back of the property containing 6 PARKING SPACES, ensuring hassle-free parking for residents and guests alike. But the perks don't end there - this triplex comes complete with a CLEAN 4 POINT INSPECTION (see attached) and WIND MITIGATION REPORT completed in 2024, transferable to the buyer. Plus, enjoy a FREE HOME WARRANTY on all units, providing further assurance of a worry-free investment. Tenants pay electric as there are 3 separate electric meters and the owner pays water with the property only having 1 water meter. Don't miss your chance to own this meticulously updated triplex in a prime location, perfectly blending modern convenience with St. Pete's timeless charm. Schedule your showing today and seize the opportunity to make this cash-flowing gem yours! PLEASE SEE ATTACHMENTS WITH FINANCING PACKAGE, INSURANCE QUOTE, INSPECTION REPORTS, AND MORE!

Features

  • Bedrooms: 6
  • Units: 3
  • Lot Size: 50 x 110
  • Laundry: Laundry Room
  • Year Built: 1925
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,530
  • Acreage: 0.13
  • Lot Size: 50 x 110
  • Est. Taxes: $8,028
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: T3507550
  • Days on Market: 68 days
  • Website: https://www.raveis.com
    /prop/T3507550/29001stavenues_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 5/13/2024 10:17:13 AM)
Listing courtesy of Cadence Lifestyle Real Estate   Phone: 877-366-2213

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2900 1st AVENUE S, St. Petersburg, FL, 33712

$1,145,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $916,000 $916,000 $916,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.103% 7.041%
Monthly Tax Payment $669 $669 $669
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,249 $6,094 $8,169
Total Monthly Payment $7,043 $6,888 $8,963

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.