$699,000
 $3,969 est/mo Sourced by Back At You

1757 Russell St S , SAINT PETERSBURG, FL 33712

SAINT PETERSBURG, FL 33712

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Description

**QUADPLEX 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 at time of lease renewal. 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!

Details

MLS#TB8318076
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1962
Days On Site69
Listing Provided ByINSTA REAL ESTATE SOLUTIONS | Charles Rountree, P.A.

Features

Bed(s)8
Bath(s)4
SQ Feet2,500
Story(s)1
Units4
Acreage0.15

Market Activity 33712

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 13, 2025 at 7:35:47 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 1 minute ago
StateFL
CountyPinellas
CitySAINT PETERSBURG
Zip Code33712
Area33712 St Pete
Community NameLA PLAZA ADD
Listing VS Median (in LA PLAZA ADD)
Price:
$699,000
low | high
Med:
$699,000
50% of Average
SqFt:
2,500
low | high
Med:
2,500
50% of Average
$ / SqFt:
$280
low | high
Med:
$280
50% of Average
On Site:
69
low | high
Med:
69.000000
100% of Average
Sourced by Back At You
Listing Updated: January 2, 2025 at 11:41:26 PM PST