Listing Courtesy of: Charles Rountree, P.A. - INSTA REAL ESTATE SOLUTIONS
813-586-0654
$699,000
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1757 Russell Street S Saint Petersburg, FL 33712
Fourplex
Residence
8
Beds
4
Baths
2,796
Sq. Ft.
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**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!
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MLS#
TB8318076
Property Type
Fourplex
Bedrooms
8
Bathrooms
Year Built
1962
Square Feet
2,796
sq. ft
Stories
1.0
Sewer
Public Sewer
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