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2025 7TH STREET S

Multi-family For Sale
$1,699,000

BTC: 29.29309840

ETH: 530.93750000

2 days
11 bds
4,632 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

INCREDIBLE CASH-FLOWING PROPERTY !!!! *8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!* *Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities. *Property Highlights:* - 8 spacious units full updated in 2021/2022 (6 units 1 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths) - Gated front and back yards provide privacy and security - On-site laundry room for added convenience - Beautifully landscaped grounds with ample parking - Strong income potential with most tenants under housing authority programs -800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) or convert it in extra bedrooms , it is already considered heated sqft. *Financial Highlights:* - Monthly income $13,420 - Gross Annual Income: $161,020+ - Net Operating Income (NOI): $123,900+ - Cap Rate: 7.3 % - Average Rent per Unit: $1,677 *Additional Features:* - Individual unit meters for electricity and water - Security cameras and motion-sensitive lighting - Close proximity to public transportation, shopping, and dining *Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1949
Lot:
0.28 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$367
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Ceiling Fan(s)

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 11

  • Property

    • Exterior Features: Balcony / Courtyard / Fenced / Lighting / Private Mailbox / Rain Gutters / Sidewalk / Storage

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 303117790200020050

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Water - Multiple Meters

  • Other financial information

    • Annual tax amount: $14,298

  • Source details

    • MLS ID: U8248112

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Concrete Perimeter / Crawlspace

    • Laundry Features: Common Area / Laundry Room / Outside

    • Living Area: 4632

    • Water Source: Public

    • Lot Size Dimensions: 101 x 125

    • Subdivision Name: SCHOOLEYS HOMEVILLE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PREMIER PORTFOLIO INTL REALTY