Price Reduced 12.52%
Price History
$799,000
11/5/2024
$749,000
11/12/2024
$744,000
11/19/2024
$699,000
11/29/2024
1757 Russell STREET S, St. Petersburg, FL, 33712
8 beds
1962
2,500 sqft
**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!
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Other
Units:
4
Subdivision:
LA PLAZA ADD
Heating:
Central
Cooling:
Central Air
Lot Size:
82 x 80
Acreage:
0.15
Est. Taxes:
$7,004
Construction
Block, Concrete
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Lot Description:
City Lot, Level, Near Public Transit, Oversized Lot
Days on Market:
28
Pet Policy:
Yes
Lease Term Type:
12 Months
MLS #:
TB8318076
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of INSTA REAL ESTATE SOLUTIONS Phone: 813-586-0654