$750,000

About This Property

Welcome to 1053 5th St N, a beautifully updated triplex in the heart of Historic Uptown, St. Petersburg. This property presents a fantastic opportunity for "house hacking" – a concept that's perfect for savvy buyers looking to maximize their investment. The triplex includes a front duplex and a FULLY FURNISHED charming back cottage, all centered around a serene courtyard. Each unit offers modern amenities while preserving historic charm, making it an ideal live-and-rent opportunity. You can live in one unit while renting out the others, significantly offsetting your mortgage and expenses. Updates include a brand new HVAC, updated electrical and plumbing, updated kitchens, recessed LED lighting, smart locks, and newer appliances. Located just steps away from downtown St. Pete, residents can enjoy a vibrant lifestyle with access to restaurants, art galleries, and shops. The courtyard provides a peaceful oasis for residents to relax and socialize. Currently operating as a 6.37% cap rate investment with value add potential to perform as an 8% cap rate or higher. Owner financing is available for qualified buyers with 50% down. Don't miss this unique opportunity to own a piece of history in Historic Uptown!

infoProperty Details

Property Type

Triplex

Year Built

1925

Living Area

1,752 sqft

Lot Size

0.09 acres

Bedrooms

3

Bathrooms

3

Ownership

Fee Simple

Days on Market

13

List Date

chairInterior Features

yardExterior & Lot

Listed By

COMPASS FLORIDA LLC

727-339-7902

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