Listing Courtesy of: Nick Price - PRICE PROPERTIES & INVESTMENTS, LLC
727-453-2165
$1,100,000
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4761 1st Avenue N St Petersburg, FL 33713
Single Family
Residence
8
Beds
5
Baths
2,515
Sq. Ft.
0.15
Acre
Lot
Property Activity
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DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CA REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w.../ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
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MLS#
W7861395
Property Type
Single Family
Bedrooms
8
Bathrooms
5 Full
Year Built
1925
Square Feet
2,515
sq. ft
Lot Size
0.15
Stories
2.0
Sewer
Public Sewer
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