2025 7th St S, Saint Petersburg, Florida 33705

  • $1,649,000
  • $1,699,000

Overview

Property ID: HZU8248112
  • Multi-Family, Residential Income
  • Property Type
  • 11
  • Bedrooms
  • 9
  • Bathrooms
  • 5882 Sqft
  • Area Size

Description

INCREDIBLE CASH-FLOWING PROPERTY !!!! OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!! *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) – 11 bedrooms and 9 bathrooms. – 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 OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!! *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!*

  • Address: 2025 7TH S STREET
  • City: Saint Petersburg
  • State/county: FL
  • Zip/Postal Code: 33705
  • Country: US

Details

Updated on November 12, 2024 at 4:09 am
  • Property ID HZU8248112
  • Price $1,649,000
  • Property Size 5882 Sqft
  • Land Area 0.28 Acres
  • Bedrooms 11
  • Bathrooms 9
  • Year Built 1949
  • Property Type Multi-Family, Residential Income
  • Property Status Canceled

Additional details

  • Roof Other
  • Utilities Electricity Connected, Water - Multiple Meters
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating Wall Units / Window Unit
  • County Pinellas
  • Property Type Residential Income

Features

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Jamie Stevens

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