$799,000 for Sale
1757 russell street , saint petersburg, FL 33712
| Beds 8 | Baths 4 | 2,500 Sqft | 0.15 Acres |
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Property Description
**Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit. This would enhance your investment returns and maximize the property's profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
General Information
Sale Price: $799,000
Price/SqFt: $320
Status: Active
MLS#: TB8318076
City: saint petersburg
Post Office: saint petersburg
County: Pinellas
Subdivision: la plaza add
Acres: 0.15
Lot Dimensions: 82 x 80
Bedrooms:8
Bathrooms:4
House Size: 2,500 sq.ft.
Acreage: 0.15 est.
Year Built: 1962
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Block, Concrete
Exterior Misc: Sidewalk
Basement: No
Foundation : Slab
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $4,702
Legal Description: LA PLAZA ADD LOT 4 & N 6.5 FT OF LOT 3
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Charles Rountree, P.A. of INSTA REAL ESTATE SOLUTIONS, Phone: 813-586-0654
