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Key Details
Sold Price $1,230,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,515 sqft
Price per Sqft $349
Subdivision Plunkets Elijah B
MLS Listing ID U8201782
Year Built 1915
Annual Tax Amount $8,427
Lot Size 7,840 Sqft
Property Sub-Type Multi-Family
Property Description
This 8-unit turnkey apartment opportunity is located in the heart of downtown urban core district of St. Petersburg, Florida.
The asset has been meticulously renovated over the last several years. Capital improvements include a new roof in October 2022, electrical upgrade to the entire property in 2020 & 2022, new kitchens in 5 of the 8 units in addition to new flooring, paint, exterior stairs, laundry equipment, fencing and exterior vinyl siding. All of these improvements make this asset a standout property over the competition in the area.
The property consists of 3 separate buildings, an original bungalow, a large garage apartment with multiple garage bays and ample storage for supplies, and a two-story main building. 2 of the largest units have central (mini-split systems). The property offers off-street parking for 5 vehicles.
Current rents are slightly below market due to the owner being a part-time resident and not pushing for maximum revenue but rather a full house scenario operation.
Location
Province FL
County Pinellas
Community Plunkets Elijah B
Area 33701 - St Pete
Interior
Heating Central, Other
Cooling Mini-Split Unit(s)
Exterior
Exterior Feature Balcony, Other
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with RE/MAX METRO
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339