$315,000
$329,900
4.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
976 SqFt
SOLD DATE : 07/28/2022
Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 976 sqft
Price per Sqft $322
Subdivision District Fla Corp Sub 1
MLS Listing ID U8163781
Sold Date 07/28/22
Bedrooms 3
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $1,343
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 50x65
Property Description
HUGE PRICE DROP!!!!! BOOMING St Pete Rental market means east first-year returns of 13% or MORE!!! Ask your agent for a copy of the cashflow analysis included with this listing so you will have ALL the numbers you need to make an offer on this Cash COW. This is a rare opportunity to buy a freshly renovated from top to bottom duplex in the Bartlett Park neighborhood of Sunny St Pete Florida. In 2018 and 2019 the entire property was renovated by licensed contractors with permits. The list of repairs and upgrades included a new roof, complete with hurricane clips for low insurance rates. In order to obtain the most reasonable insurance premiums, the seller also replaced the windows with impact-rated windows throughout the building! Let's not forget the all-new doors, new water heaters, new electrical, all new plumbing, and new A/C units to keep your tenants cool and their electrical bills low. All new appliances mean no costly service calls, all new interior framing finishes built rock-solid, and new tile flooring, and cabinets. This property is NOT in a flood zone therefore flood insurance is NOT required. Ask your agent for the flood zone removal documents attached to this listing. This property consists of a tenant-occupied 2-bedroom 1-bath apartment and a 1-bedroom 1-bath apartment that's move-in ready and intentionally left empty so the new buyer can pick their own tenant. This investment opportunity is ideal for the investor that does not want to deal with having to do any improvements, instead just sit back and cash those rent checks. St Petersburg, Fl is seeing record-breaking migration numbers of new residents moving from out of state, and experts are predicting year-over-year rent growth to exceed 20% every year!! One of the owners of this property is a licensed Realtor however NOT the listing agent. Front Unit is currently rented at $1275, the lease expires 12/31/22. Buy, Furnish and rent it month to month on AirBnb for MASSIVE PROFITS which is totally legal!
Location
State FL
County Pinellas
Community District Fla Corp Sub 1
Direction S
Interior
Interior Features Ninguno
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Recycled/Composite Flooring
Fireplace false
Appliance Electric Water Heater, Refrigerator
Laundry None
Exterior
Exterior Feature Other
Parking Features Common, Driveway, Off Street
Utilities Available Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Roof Type Built-Up, Membrane
Garage false
Private Pool No
Building
Lot Description City Limits, Near Public Transit, 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
Construction Status Appraisal,Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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