Photo 1 of 16
$975,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
3,409 |
$6,836.17 |
1980 |
On the market:
162 days
|
View full details, 15 photos, school info, and price history
Back on the market with FOUNDATION REPAIRS TO BE COMPLETED BY END OF FEBRUARY!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH WATER VIEWS!!!! Fully occupied cash generating investment property!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,300, $1,560, $1,500, $950, $1,000, $1,000 Total: $7,310 per month and $87,720 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $72,689 Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air 8% cap rate with opportunity to boost to 9-10% cap rate with rent raise and laundry area addition.
Listing courtesy of Steven Sallo, LPT REALTY, LLC