1757 RUSSELL ST S Active Save Request In-Person Tour Request Virtual Tour
Saint Petersburg,FL 33712
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $279
Subdivision La Plaza Add
MLS Listing ID TB8318076
Bedrooms 8
HOA Y/N No
Originating Board Stellar MLS
Year Built 1962
Annual Tax Amount $7,004
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 82x80
Property 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!
Location
State FL
County Pinellas
Community La Plaza Add
Direction S
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace false
Laundry Other
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Built-Up,Membrane
Garage false
Private Pool No
Building
Lot Description City Limits,Level,Near Public Transit,Oversized Lot,Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Special Listing Condition None