New Listing - 06/20/2024
2025 7th STREET S, St. Petersburg, FL, 33705
1949
4,632 sqft
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 bd , 1 unit 2 bd , 1 unit 3 bd) - 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) *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!*
Status:
Active
Type:
Commercial
Complex:
SCHOOLEYS HOMEVILLE
Cooling:
Wall/Window Unit(s)
Levels:
2
Lot Size:
101 x 125
Acreage:
0.28
Est. Taxes:
$14,298
Construction
Block, Stucco
Days on Market:
5
MLS #:
U8246908
Community Info
School Info
Walk Score
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Listing courtesy of PREMIER PORTFOLIO INTL REALTY Phone: 727-471-4980