UPDATED:
12/17/2024 06:46 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,402 sqft
Price per Sqft $231
Subdivision Glenwood Heights
MLS Listing ID TB8330624
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $2,521
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 44x55
Property Description
PROPERTY HIGHLIGHTS....This unique single-family home is an investor's dream, offering 3 distinct rental units. Each unit is currently occupied by high-quality, reliable tenants. Situated in a high-demand, transitional neighborhood that's rapidly appreciating on a large lot. This property is perfect for those seeking long-term growth and steady income.........
All major furnishings & appliances are the owner's and will convey. Tenants' items DO NOT convey. The side unit has a washer & dryer and the other 2 units share a washer & dryer. Each unit has 1 off street parking space. Roof 2024, Hot-water Heater 2023, Termite Treatment 2022. ANNUAL LEASES IN PLACE..... NOT in a flood zone.....
HUGE LOCATION POTENTIAL Located just under a mile from vibrant downtown St. Petersburg, this property offers unparalleled convenience. This prime location ensures that residents have convenient access to cultural, recreational, and essential services while also being close to grocery stores, shopping and amazing restaurants. This enhances the property's appeal to potential tenants.
INVESTOR BENEFITS
* Turnkey income: With three excellent, annual lease tenants already in place, enjoy immediate cash flow....
* Rapid appreciation: The neighborhood's ongoing transformation adds significant potential for equity growth....
* Low vacancy risk: The location ensures consistent demand....
* Current GROSS INCOME $51,600......NET INCOME $32,985....
* CAP Rate 10 percent.....
Whether you're a seasoned investor or new to the market, this property offers the perfect combination of LOCATION, STABILITY, and GROWTH POTENTIAL. Secure your investment opportunity today!
.......Contact us now for more details or to schedule a private tour!
Location
State FL
County Pinellas
Community Glenwood Heights
Direction S
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace false
Laundry Laundry Room, Outside
Exterior
Exterior Feature Fence
Utilities Available Cable Connected, Electricity Connected, Water Connected
Roof Type Shingle
Porch Rear Porch
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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