$895,000

About This Property

Location, location, location! A four unit apartment complex in Northeast St. Pete, just east of 4th street north. All four are symmetrical 2 bedroom, 1 bath units featuring concrete block construction, central heat and air, and private, fenced outdoor area featuring a dedicated laundry room for each unit. All units are separately metered for both water and electric; owner pays only taxes, insurance, and lawn care. Easy to manage complex with far below market rents- there is massive upside potential in one of the best areas of the city. New roofs on both buildings in fall 2020, new exterior paint, lighting and landscaping in 2021. Potential for future development due to land size, or may be possibility to add units in middle due to layout of buildings on 3 lots (potential buyers to verify with city). A pride of ownership complex with great income that is easy to manage and close to everything! Only available masonry fourplex under $1,2000,000 in St. Pete! Current net income is $50,000! At market rents net income would be $74,000! See attached Rent Roll.

infoProperty Details

Property Type

Quadruplex

Year Built

1980

Living Area

3,072 sqft

Lot Size

0.36 acres

Bedrooms

8

Bathrooms

4

Ownership

Fee Simple

Days on Market

32

List Date

chairInterior Features

yardExterior & Lot

Listed By

COLDWELL BANKER REALTY

727-822-9111

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