2025 7TH ST S Active Save Request In-Person Tour Request Virtual Tour
Saint Petersburg,FL 33705
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $356
Subdivision Schooleys Homeville
MLS Listing ID U8248112
Bedrooms 11
Year Built 1949
Annual Tax Amount $14,298
Lot Size 0.280 Acres
Property Description
INCREDIBLE CASH-FLOWING PROPERTY !!!!
OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!!
*8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!*
*Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities.
*Property Highlights:*
- 8 spacious units full updated in 2021/2022 (6 units 1 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths)
- 11 bedrooms and 9 bathrooms.
- Gated front and back yards provide privacy and security
- On-site laundry room for added convenience
- Beautifully landscaped grounds with ample parking
- Strong income potential with most tenants under housing authority programs
-800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) or convert it in extra bedrooms , it is already considered heated sqft.
*Financial Highlights:*
- Monthly income $13,420
- Gross Annual Income: $161,020+
- Net Operating Income (NOI): $123,900+
- Cap Rate: 7.3 %
- Average Rent per Unit: $1,677
OWNER FINANCING AVAILABLE AT A GREAT INTEREST RATE !!!
*Additional Features:*
- Individual unit meters for electricity and water
- Security cameras and motion-sensitive lighting
- Close proximity to public transportation, shopping, and dining
*Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*
Location
State FL
County Pinellas
Community Schooleys Homeville
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Laundry Common Area,Laundry Room,Outside
Exterior
Exterior Feature Balcony,Courtyard,Fence,Lighting,Private Mailbox,Rain Gutters,Sidewalk,Storage
Utilities Available Electricity Connected,Water - Multiple Meters
Waterfront false
Roof Type Other
Building
Foundation Concrete Perimeter,Crawlspace
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Special Listing Condition None