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Location, Location, Location! Exceptional investment opportunity just minutes from vibrant downtown St. Petersburg! Tenants will love being close to restaurants, shopping, movie theaters, entertainment, Tampa Bay, and the beautiful Gulf Beaches.
This charming triplex has seen numerous updates since 2019, including remodeled kitchens, newer appliances, updated windows, fresh paint, washer and dryer hookups, and more. Units A and B are spacious 1-bedroom, 1-bath units located at the front of the property, featuring a welcoming covered front porch full of character and charm. Built in 1949, these units showcase timeless details such as coved ceilings and arched doorways. Unit A offers original hardwood floors, while Unit B features ceramic tile flooring. HVAC replaced in 2017.
Unit C, located at the rear of the property with convenient alley access, was newly converted in 2019 into a stylish studio apartment featuring a combined living and sleeping area, eat-in kitchen, and full bathroom.
Situated on a desirable corner lot, the property offers on-site parking plus shared tenant storage space in the remaining garage area.
Current and projected rental information:
* Unit A currently rented at $1, 395/month with projected market rent of approximately $2, 000/month. Lease expires July 31st.
* Unit B currently rented at $1, 600/month on a month-to-month lease with projected market rent of approximately $2, 000/month.
* Unit C is currently vacant with projected market rent of approximately $1, 700/month.
Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible income potential in one of the most desirable areas of St. Petersburg.
These units are in excellent condition, full of charm, and perfectly located. Schedule your private showing today before this opportunity is gone!
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $666 | $666 | $666 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,244 | $4,283 |
| Total Monthly Payment | $3,872 | $4,002 | $5,041 |
* 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.