1405 7th Avenue N
SAINT PETERSBURG, FL 33705
- 4 beds
- 4 baths
- 1,656 sqft
- 2,039 sqft lot
- $593 per sqft
- 1928 build
- – on site
Charming 4-Unit Multi-Family Property in Uptown St. Pete Producing $6,082 monthly. Step into a prime investment opportunity with this meticulously renovated 2-story multi-family property in the sought-after Uptown neighborhood of St. Petersburg. This charming building blends historic elegance with modern amenities. Fully leased and generating $6,082 monthly, it promises consistent cash flow and long-term appreciation potential. This property offers an excellent ROI with potential for rent increases. As a turnkey investment, all four units are fully renovated with modern finishes, ensuring minimal immediate capital expenditure. Each unit has its own electric meter, simplifying management and making utility costs predictable. Located just minutes from Downtown St. Pete’s vibrant dining, shopping, and entertainment, the neighborhood boasts high rental demand, ensuring low vacancy rates and stable income. Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with 9 months remaining on the lease. Unit 2, on the second floor, is a studio with a separate kitchen and private bathroom, currently renting for $1,507 per month, with an expected renewal at $1,600 per month. Unit 3, also on the second floor, is a studio with a private bathroom, renting for $1,600 per month with 8 months remaining. Unit 4 is a ground-floor studio with a full kitchen and private bathroom, renting for $1,275 per month, also with 8 months remaining. With individual electric meters and modern amenities, property management is streamlined. St. Pete’s growing real estate market promises value appreciation, making this property an attractive long-term investment. Financially, the property an annual gross income of $72,984. With anticipated rent adjustments, the annual income can increase further, enhancing the investment’s profitability. All financial details and lease information provided are accurate as of the listing date. Prospective buyers are encouraged to verify all details and conduct thorough due diligence. Seize this lucrative investment opportunity today and secure your stake in St. Pete’s thriving real estate market!!!
Last checked:
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Last updated Jul 3, 2024
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MLS# U8245876 —
The Building
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Year Built:1928
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New Construction:false
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Construction Materials:Wood Frame
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Levels:Multi/Split
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Stories Total:2
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Roof:Shingle
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Foundation Details:Concrete Perimeter
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Building Area Total:1844
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Luxury Vinyl
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Fireplace:false
Room Dimensions
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Living Area:1656
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Head west on Talmadge Gardens Rd toward Green Ln 0.3 mi Slight right onto FL-44 W/E New York Ave 2.3 mi Turn right onto N Delaware Ave 0.2 mi Turn left onto W Church St Destination will be on the right
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Latitude:27.779478
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Longitude:-82.653089
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Coordinates:-82.653089, 27.779478
The Property
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Parcel Number:133116100620000800
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Size Acres:0.05
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Lot Size Area:2039
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Lot Size SqFt:2039
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Lot Size Dimensions:38 x 53
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Direction Faces:South
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View:false
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Exterior Features:Awning(s)
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Water Source:Public
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (727) 743-8541
- Office phone:
- (727) 743-8541
Taxes
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Tax Year:2023
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Tax Lot:80
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Tax Legal Description:BON AIR W 38 1/2 FT OF LOT 80
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Tax Book Number:1-4
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Tax Annual Amount:4959.58
Beds
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Bedrooms Total:4
Baths
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/U8245876
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Special Listing Conditions:None
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Buyer's Brokerage Compensation:1%
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
Appliances
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Appliances:Electric Water Heater
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Laundry Features:Common Area
The Community
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Subdivision Name:BON AIR
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Monthly cost estimate
![1405 7th Avenue N](https://images.estately.net/148_U8245876_0_1718399221_636x435.jpg)
Asking price
$983,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,263
|
Taxes | $413 |
Insurance | $270 |
Utilities | $209 See report |
Total | $6,155/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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7/3/24
Jul 3, 2024
|
Price Changed | STELLAR_MLS | $983,000 | -0.2% |
6/21/24
Jun 21, 2024
|
Price Changed | STELLAR_MLS | $985,000 | -0.2% |
6/14/24
Jun 14, 2024
|
Listed / Active | STELLAR_MLS | $987,000 | 996.7% (76.4% / YR) |