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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,343 sqft
Price per Sqft $152
Subdivision Arcadian Heights
MLS Listing ID U8087653
Sold Date 07/15/20
Construction Status Inspections
HOA Y/N No
Year Built 1947
Annual Tax Amount $7,600
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 150x127
Property Description
Great opportunity to purchase an income property consisting of four (4) duplexes that contain one (1) efficiency and seven (7) one-bedroom/one-bathroom apartments. This property is a solid income generator with a great cap rate that consistently is rented out. Each unit has off-street parking and has been updated with wood laminate and tile flooring and new kitchen cabinetry. The duplexes and property have an Old Florida feel in a park-like setting. There also is enough room on the property to build another unit - the owner has plans they can share with the buyer. The property offers an ideal location in central St. Petersburg and is close to shopping, dining, I-275, US 19, Sawgrass Lake Park, and public transportation. Five (5) units have their own electric meters, while the remaining three (3) units are on one electric meter covered by the owner. One unit comes with a garage that is for the exclusive use of the tenant in unit #8, who covers the lawn maintenance in exchange for use of the garage. Professional photos available soon. Please do not disturb tenants, thank you.
Location
State FL
County Pinellas
Community Arcadian Heights
Zoning R-4
Direction N
Interior
Interior Features Ceiling Fans(s)
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Exterior
Exterior Feature Lighting
Garage Assigned
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Street Lights
Waterfront false
View Garden
Roof Type Other
Parking Type Assigned
Garage false
Private Pool No
Building
Lot Description Corner Lot, Level, Near Public Transit, Unincorporated
Entry Level One
Foundation Slab
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Pets Allowed Size Limit, Yes
Senior Community No
Pet Size Very Small (Under 15 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Num of Pet 1
Special Listing Condition None
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Melissa Malave-Crespo
REALTOR® | License ID: SL3394025
REALTOR® License ID: SL3394025