Residential Property - Single Family Residence in St Petersburg
Listing Price: $1,150,000 (Mortgage Calculator →)
Description of Property
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.
Bedrooms: 8
Bathrooms: 5
Sq. Ft. Gross: 3,544
Garage: No
Carport: No
Parking Features: Driveway, Parking Pad
Spa Features:
Water Frontage:
Water Features:
Water Access:
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: St Petersburg
County: Pinellas
Subdivision: Central Park Rev
Bedrooms: 8
Bathrooms: 5
Sq. Ft. Gross: 3,544
Sq. Ft. Living Area: 2,515
Cost per (heated) sqare foot: $457
Year built: 1925
Annual Tax: $8,539
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances:
- Disposal
- Dryer
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Washer
- Water Softener
Accessibility Features:
Fireplace: Yes
Fireplace Features:
Window Features: Blinds
Additional Rooms: Den/Library/Office
Ceiling Type:
Flooring: Hardwood
Laundry Features:
- Gas Dryer Hookup
- Laundry Room
- Washer Hookup
Schools
Elementary School: Northwest Elementary-PN
Middle/Junior High School: Azalea Middle-PN
High School: Boca Ciega High-PN
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Wood Frame
Foundation: Crawlspace
Roof: Shingle
- Courtyard
- Lighting
- Outdoor Shower
Parking Features: Driveway, Parking Pad
Floors Total:
Floors in Unit: Two
Cooling: Central Air, Mini-Split Unit(s)
- Central
- Electric
- Natural Gas
- Wall Units / Window Unit
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing: Fenced, Wood
Utilities:
- 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
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.15
Lot Size (sq. ft.): 6,351 square feet
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional, Owner May Carry
Parcel Number: 213116145620050110
Zoning: NTM-1
Tax Legal Desc.: CENTRAL PARK REV BLK 5, LOT 11
Disclosures: Lead Paint, Seller Property Disclosure
Section: 21
Range: 16
Listing courtesy of PRICE PROPERTIES & INVESTMENTS, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.