4761 1ST AVENUE N ST PETERSBURG FL 33713 MLS #W7861395

4761 1ST AVENUE N
ST PETERSBURG, FL, 33713
$1,150,000
8 Beds
5 Baths
3,544 SqFt
0.15 Acres
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DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

Property Details

Price:
$1,150,000
MLS #:
W7861395
Status:
Active
Beds:
8
Baths:
5
Address:
4761 1ST AVENUE N
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
CENTRAL PARK REV
Neighborhood:
33713 – St Pete
City:
ST PETERSBURG
Listed Date:
Jan 26, 2024
State:
FL
Finished Sq Ft:
3,544
Total Sq Ft:
3,544
ZIP:
33713
Lot Size:
6,351 sqft / 0.15 acres (approx)
Year Built:
1925
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Schools

Elementary School:
Northwest Elementary-PN
Middle School:
Azalea Middle-PN
High School:
Boca Ciega High-PN

Interior

Appliances
Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Bathrooms
5 Full Bathrooms
Cooling
Central Air, Mini- Split Unit(s)
Flooring
Hardwood
Heating
Central, Electric, Natural Gas, Wall Units / Window Unit
Laundry Features
Gas Dryer Hookup, Laundry Room, Washer Hookup

Exterior

Construction Materials
Wood Frame
Exterior Features
Courtyard, Lighting, Outdoor Shower
Parking Features
Driveway, Parking Pad
Roof
Shingle

Financial

Tax Year
2023
Taxes
$8,539

Map

Community

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4761 1ST AVENUE N
ST PETERSBURG, FL