520 15th St., St. Petersburg, FL 33705

BOOMING RENTAL MARKET! Investor Alert!! Come see this multi-plex, TODAY! 7 UNITS with 100% occupancy. IMMEDIATE CASH FLOW! NON-FLOOD & NON-EVACUATION. Building #1 consists of 4- 2 bedrooms/1 bathroom apartments. Building #2 consists of a 1 bedroom/1 bathroom, upstairs and Large Studio apartment downstairs. Building #3 is a 1 bedroom/1 bathroom cottage. TONS of off-street PARKING. ALL units have been brought up to CODE, with C/O’s. All units are FIRE CODE certified, with annual contracts. The current offering CAP RATE is 7.5%. ALL UNITS have room for RENT INCREASES, compared to the market. The Adjusted CAP RATE should be closer to 9.5%. Current NET INCOME of $60,000/annually. All units have been remodeled to include: Newer A/C, newer metal roof, newer appliances, refrigerator, stove, microwave and dishwasher. Building #2 has an INSIDE LAUNDRY ROOM equipped w 2 each, Full-sized, Coin-op, commercial washers and dryers. Building #3 has SEPARATE washer/dryer. Rental history and leases available upon request. This MULTI-PLEX is centrally located to some of St Petersburg’s HOTTEST AREAS: Historic Uptown, The EDGE District, Historic Kenwood, Old Northeast, and Euclid St. Paul's! This property is walking/biking distance to: St Anthony’s Hospital, Tropicana Field, USF, Vinoy Park, and the Pinellas Trail. Minutes away from dining, shopping ,local bars, breweries, art galleries and GROOVY HANGOUTS!