$560,000

3308 56th Ave N

ST PETERSBURG FL, 33714

Description

Great opportunity to purchase an income property consisting of four (4) duplexes that contain one (1) efficiency and seven (7) one-bedroom/one-bathroom apartments. This property is a solid income generator with a great cap rate that consistently is rented out. Each unit has off-street parking and has been updated with wood laminate and tile flooring and new kitchen cabinetry. The duplexes and property have an Old Florida feel in a park-like setting. There also is enough room on the property to build another unit - the owner has plans they can share with the buyer. The property offers an ideal location in central St. Petersburg and is close to shopping, dining, I-275, US 19, Sawgrass Lake Park, and public transportation. Five (5) units have their own electric meters, while the remaining three (3) units are on one electric meter covered by the owner. One unit comes with a garage that is for the exclusive use of the tenant in unit #8, who covers the lawn maintenance in exchange for use of the garage. Professional photos available soon. Please do not disturb tenants, thank you.

Details

MLS#U8087653
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1947
Days On Site256

Features

SQ Feet4,215
Water FrontNo
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Area Information
StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33714
Area33714 - St Pete
Listing VS Median (in 33714)
Price:
$560,000
low | high
Med:
$199,900
100% of Average
SqFt:
4,215
low | high
Med:
682
100% of Average
$ / SqFt:
$133
low | high
Med:
$293
70.616490364474% of Average
On Site:
256
low | high
Med:
10
100% of Average
Listing Updated: July 8, 2020 12:43:29 PM PDT
Becky Malowany LogoMLS Number: U8087653
Listing Provided By:
Becky Malowany  of  SMITH ASSOCIATES REAL ESTATE

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