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
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
- Address4761 1ST AVENUE N ST PETERSBURG FL
- SubdivisionCENTRAL PARK REV
- CityST PETERSBURG
- CountyPinellas
- Zip Code33713
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Courtesy of PRICE PROPERTIES & INVESTMENTS, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
4761 1ST AVENUE N
ST PETERSBURG, FL
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