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1043 7TH AVE N St Petersburg, FL 33705
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Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,308 sqft
Price per Sqft $405
Subdivision Pomeroys Add J B
MLS Listing ID U8187764
Sold Date 03/28/23
Bedrooms 4
Construction Status Appraisal,Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1915
Annual Tax Amount $3,877
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 50x55
Property Description
DOWNTOWN ST PETE CASH COW with NET CAP of possibly almost 9% !!! This fully remodeled income building with 2 units has it all : newer roof, new paint outside and inside, newer AC units, great outdoor sitting area for tenants, expected rent furnished for travelling nurses $4,400.00/m ($2,200/unit) or even more (information from property manager in area), for the 2 existing units, NOT even including value and rent of the garage and separate driveway !!
Also both units have next to the 2 bedrooms an EXTRA den/office space (downstairs a smaller den) !!
And with low costs for landlord (electric and water/sewer/trash are paid by tenants) the difference to net income is minimal! Unusually for an income property, it would even be easy to provide 2 parking spaces per unit PLUS rent garage with driveway separately rented (you can park 2 cars -1truck and motorcycle behind each parking per unit), but there is also parking on the street available.
Pictures of first floor unit are taken before tenant moved in, for privacy reasons.
The inside units are fully redone, with newer appliances, floors, cabinets, wood countertops and more!! Next to the bedrooms in each unit, there is also an EXTRA DEN included, that can serve as office. Finally walking to downtown St Pete in minutes, makes this an extremely desirable investment property!!
New paint, newer roof and recently tented for termites last year makes this an even more interesting investment !!!
Location
State FL
County Pinellas
Community Pomeroys Add J B
Direction N
Rooms
Other Rooms Bonus Room, Den/Library/Office
Interior
Interior Features Ceiling Fans(s), Master Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Window Treatments
Heating Electric, Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl, Wood
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Exterior
Exterior Feature Garden, Sidewalk
Garage Assigned, Driveway, Garage Faces Side, Ground Level, Guest, Off Street, On Street, Open, Other, Oversized, Parking Pad, Workshop in Garage
Garage Spaces 1.0
Community Features Sidewalks
Utilities Available Public
Amenities Available Other
Waterfront false
Roof Type Shingle
Parking Type Assigned, Driveway, Garage Faces Side, Ground Level, Guest, Off Street, On Street, Open, Other, Oversized, Parking Pad, Workshop in Garage
Attached Garage false
Garage true
Private Pool No
Building
Entry Level Two
Foundation Block, Other
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block, Other
New Construction false
Construction Status Appraisal,Financing
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with REALTY ONE GROUP ADVANTAGE
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