Overview
- Quadruplex, Residential Income
- 8
- 4
- 2796 Sqft
Description
**QUADPLEX 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 at time of lease renewal. 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!
Address
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Address: 1757 RUSSELL S STREET
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City: St Petersburg
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State/county: FL
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Zip/Postal Code: 33712
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Country: US
Details
Updated on February 25, 2025 at 7:59 pm-
Property ID HZTB8318076
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Price $695,000
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Property Size 2796 Sqft
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Land Area 0.15 Acres
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Bedrooms 8
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Bathrooms 4
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Year Built 1962
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Property Type Quadruplex, Residential Income
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Property Status Withdrawn
Additional details
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Listing Terms Cash, Conventional, Private Financing Available
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Roof Built-Up, Membrane
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Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Tile
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County Pinellas
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Property Type Residential Income
Mortgage Calculator
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees