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    725 8TH Street N

    St Petersburg, FL 33701
    • $980,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: T3265404
    UPDATED: 34 min ago
    $980,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,559
      SQFT
    • $215
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    Description

    Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.

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    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-27T11:40:54.497.
    www.memoryhopkinsrealestate.com/homes/110112106
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    725 8TH Street N St Petersburg, FL 33701

    • Price: $980,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: T3265404
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,559
    SQFT
    $215
    $/SQFT
    1926
    Built
    Neighborhood:
    Kinyon & Woods Add
    County:
    Pinellas
    Area:
    St Pete
    Property Description
    Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.
    Exterior Features

    Carport Yn No Construction Materials Wood Frame Exterior Features FencedLightingRain GuttersSidewalkStorage Foundation Details Crawlspace Lot Features SidewalkStreet BrickStreet One Way Lot Size Dimensions 45X128 Other Structures Storage Parking Features On Street Patio And Porch Features Front PorchPorchRear Porch Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms Attic Appliances DishwasherDryerGas Water HeaterRangeRefrigeratorWasher Cooling Central AirWall/Window Unit(S) Fireplace Features Wood Burning Fireplace Yn Yes Flooring Wood Heating ElectricSpace HeaterWall Units / Window Unit Interior Features Crown MoldingHigh Ceiling(S)Living Room/Dining Room Combo Laundry Features Inside Levels Three Or More Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 63816.00 Association Yn No Available For Lease Yn Yes Cdd Yn No Disclosures Lead Paint DPR No Est Annual Market Income 97200.00 Flood Zone Code X Garage Yn No Homestead Yn No Listing Terms CashConventionalFhaOtherVa Loan New Construction Yn No Pets Allowed Yes Property Condition Completed Property Sub Type Multi-Family Realtor Info Currently LeasedSold As-Is Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7558.38 Tax Year 2019 Total Num Buildings 2 Utilities Bb/Hs Internet AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater - Multiple MetersWater Connected


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Sellstate Legacy Realty.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-27T11:40:54.497.
     
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