Thank you
Nick Price
PRICE PROPERTIES & INVESTMENTS, LLC
727-453-2165
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Total Bedroom: 8
Total Baths: 5
Full Baths: 5
Living Room/Dining Room Combo, Thermostat
Roof : Shingle
Appliances : Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Laundry Features: Gas Dryer Hookup, Laundry Room, Washer Hookup
Shingle
Flooring : Wood
Construction Materials : Wood Frame
Heating: Central, Electric, Gas, Wall Units / Window Unit
Cooling: Central Air, Mini-Split Unit(s)
WaterSource: Public
Year Built: 1925
Courtyard, Lighting, Outdoor Shower
Construction Materials: Wood Frame
Foundation Details: Crawlspace
Lot Square Feet: 6351
Lot Acres: 0.15
Lot Size (SqMt): 590
Property Type: Residential
Sub Type: Single Family Residence
Original List Price: $1150000
Tax Block: 5
Tax Book Number: 1-39
Tax Lot: 11
Tax Legal Description: CENTRAL PARK REV BLK 5, LOT 11
Annual Tax: $8539
Tax Year: 2023
Parcel Number: 21-31-16-14562-005-0110
Driveway, Parking Pad
Elementary School: Northwest Elementary-PN
Junior High School: Azalea Middle-PN
Senior High School: Boca Ciega High-PN
BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Solar, Street Lights, Underground Utilities, Water Available, Water Connected
Sewer: Public Sewer
Water Source: Public
Subdivision: CENTRAL PARK REV
City: ST PETERSBURG
Direction: head south on US-19, make right on 1st Ave N, and then house will be on right side of the street between 47th St and 48th St
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2168 9th Ave N, Saint Petersburg, FL,33713 | $639,000 | 7 | 2 | 1,612 | 0.25 Acre |
2800 Dartmouth Avenue, Saint Petersburg, FL,33713 | $899,999 | 7 | 4 | 2,445 | 0.28 Acre |
1744 27th Avenue, Saint Petersburg, FL,33713 | $329,000 | 3 | 1 | 1,347 | 0.15 Acre |
1051 25th Street, Saint Petersburg, FL,33713 | $1,060,000 | -- | -- | 51,802 | 1.19 Acres |
3136 12th Avenue, Saint Petersburg, FL,33713 | $415,000 | 2 | 1 | 1,320 | 0.15 Acre |
380 25th Street, Saint Petersburg, FL,33713 | $820,000 | 4 | 3 | 1,963 | 0.16 Acre |
4621 34th Avenue, Saint Petersburg, FL,33713 | $399,999 | 3 | 2 | 1,584 | 0.2 Acre |
3429 37th Street, Saint Petersburg, FL,33713 | $477,588 | 3 | 2 | 1,828 | 0.24 Acre |
2625 1st Ave N, Saint Petersburg, FL,33713 | $895,000 | 3 | 4 | 2,232 | 0.03 Acre |
2300 41st Street, Saint Petersburg, FL,33713 | $657,900 | 4 | 3 | 2,552 | 0.18 Acre |
Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of theMFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 04/29/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 04/29/2024 @ 06:20
MLS: MFRMLS #W7861395
LISTED BY: Nick Price, PRICE PROPERTIES & INVESTMENTS, LLC
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.