$1,150,000 • eight bedroom(s) • five full bathroom(s) • living size area 2515 sqft
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.4761 1ST N, ST PETERSBURG, FL 33713
Single Family House 8 bedrooms - CENTRAL PARK REV for Sale
4761 1ST N, ST PETERSBURG, FL 33713Asking Price$1,150,000
- 8bdr
- 5bth
- Living 2515sqft
- Lot size 6351sqft
- Taxes: Register to see
- Year Built 1925
-
Days on market:
1 day(s) Original Price:
$1,150,000-
Price per sqft:
$457.26 Tax Legal Description:
CENTRAL PARK REV BLK 5, LOT 11Tax Year:
2023-
MLS:
W7861395 -
Property Type:
Single Family -
Parking:
Driveway Parking Pad
Elementary School:
Northwest Elementary-PNMiddle School:
Azalea Middle-PNSenior High School:
Boca Ciega High-PN
Construction Type:
Wood FrameRoof:
ShingleCooling Description:
Central Air Mini-Split Unit(s)Heating Description:
ElectricCentralWall Units / Window UnitNatural GasFloor Description:
HardwoodInterior Features:
Living Room/Dining Room Combo ThermostatExterior Features:
Outdoor ShowerCourtyardLightingEquipment/Appliances:
MicrowaveRefrigeratorDisposalDryerWasherGas Water Heater Range Water SoftenerSpecial Listing Conditions:
None
Description
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