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1757 RUSSELL STREET S

Multi-family For Sale
$799,000

BTC: 10.34669321

ETH: 271.69662471

3 days
8 bds
2,500 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

**Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit. This would enhance your investment returns and maximize the property's profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1962
Lot:
0.15 Acres
Heating:
Central
Price/sqft:
$320
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Levels: One

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 253116500400000040

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,702

  • Source details

    • MLS ID: TB8318076

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Other

    • Lot Features: City Lot / Level / Near Public Transit / Oversized Lot

    • Living Area: 2500

    • Water Source: Public

    • Lot Size Dimensions: 82 x 80

    • Subdivision Name: LA PLAZA ADD

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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: INSTA REAL ESTATE SOLUTIONS