$775,000
$825,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
4,320 SqFt
SOLD DATE : 11/13/2020
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $179
Subdivision St Petersburg Investment Co Sub
MLS Listing ID U8090464
Sold Date 11/13/20
HOA Y/N No
Year Built 1925
Annual Tax Amount $5,631
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x127
Property Description
RARE OPPORTUNITY to purchase a 6 UNIT, FULLY OCCUPIED PROPERTY in HIGH-DEMAND and WALKABLE HISTORIC KENWOOD!!!!! This WONDERFULLY LOCATED property consists of 2 buildings housing 3 Units Each - an EXCELLENT UNIT MIX of a 3BR/1BA, a 2 BR/1 BA, and 4 1BR/1BA's. The front building has 2 of the 1BR's - both with GENEROUS SQUARE FOOTAGE, and a LARGE 3 bedroom 1 BATH as well. Featuring high ceilings - these units feel more like LOFTS, but with easier access on the ground floor! The rear building contains a 2 BR and two 1 BR's as well as a very clean and welcoming communal ON-SITE LAUNDRY room - a convenience very much appreciated by the tenants - as are the OFF STREET PARKING SPACES. The additional monthly laundry income will in turn be appreciated by the next owner!! Both buildings are beautifully painted, fully fitting in to the HISTORIC KENWOOD vibe, and with an additional Island feel in the front - very nicely done!! EXTENSIVE RENOVATIONS in 2018, including NEW ROOFS for BOTH BUILDINGS make this a TURN-KEY property for any investor whether new or experienced. Located in the incredibly WALKABLE Historic Kenwood area, this property will be sure to provide SOLID, CONSISTENT CASH-FLOW for the next owner. This area is IN-DEMAND for rentals, and will remain that way for the foreseeable future as downtown ST PETE continues to boom! This NO-FLOOD ZONE, 100% OCCUPIED property is located just blocks from the GRAND CENTRAL DISTRICT of booming DOWNTOWN ST PETE - an IDEAL LOCATION for Tenants!! Walk to Central Ave and all of the excellent restaurants, shops and breweries, and just a few steps further for all of the amazing DINING, ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also just a short drive to our amazing BEACHES or downtown Tampa - truly something for everyone. The property has STABLE RENTS with SIGNIFICANT UP-SIDE POTENTIAL!! Contact soon to schedule a showing!
Location
State FL
County Pinellas
Community St Petersburg Investment Co Sub
Direction N
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), High Ceilings, Open Floorplan
Heating Baseboard, Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace false
Appliance Dryer, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Balcony
Parking Features Off Street
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Built-Up,Shingle
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Near Public Transit, Sidewalk, Paved
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with CHARLES RUTENBERG REALTY INC
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