$1,150,000 for Sale
4761 1st avenue , st petersburg, FL 33713
| Beds 8 | Baths 5 | 2,515 Sqft | 0.15 Acres |
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Property Description
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.
General Information
Sale Price: $1,150,000
Price/SqFt: $457
Status: Active
MLS#: W7861395
City: st petersburg
Post Office: st petersburg
Schools: boca ciega high-pn
County: Pinellas
Subdivision: central park rev
Acres: 0.15
Bedrooms:8
Bathrooms:5 (5 full, 0 half)
House Size: 2,515 sq.ft.
Acreage: 0.15 est.
Year Built: 1925
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Wood Frame
Exterior Misc: Courtyard, Lighting, Outdoor Shower
Fireplaces: Yes
Basement: No
Foundation : Crawlspace
Appliances: Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Electric, Natural Gas, Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $8,539
Legal Description: CENTRAL PARK REV BLK 5, LOT 11
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: Nick Price of PRICE PROPERTIES & INVESTMENTS, LLC, Phone: 727-453-2165
