$734,000
Priced under Appraised Value! Attention Investors!!! Are you afraid of buying an investment property that needs renovation? Are you wondering how costly it would be to remodel a property and how difficult it would be to hire labor to do the job these days? Put your worries to rest, as you have found a gold mine with this AMAZING AND NEWLY REMODELED investment property that is 100% LEASED with LONG TERM LEASES! Start receiving $5,350 per month in rental income = $64,200 per year! Get an amazing Gross Rate of Return of 8.74% on this completely remodeled property, centrally located in St. Pete-close to downtown St. Pete, Clearwater, Largo, beaches, shopping, and major highways to Tampa (Gandy and 275). The main house is a 4/2 with a 1 year lease paying $2,650/month, and there are 2 studios (or 1 mother-in-law suite and 1 studio), one of which is leasing for 1,400/month, and the other studio is leasing for $1,300/month. Two of the leases end July 31st, 2024 and a studio ends March 31st, 2024. Both studios are in the rear of the double fully fenced lot. There is enough parking for a dozen vehicles. There is a double gate on each side with plenty of room for boats, RVs, jet skis, toys and still plenty of parking for tenants. The maintenance and upkeep in this property will be minimum for many years, as most everything is new. It will feel like buying new construction, just look at the photos where you can be wowed by the new kitchen quartz counter tops, new cabinets and bathrooms as well. All bathrooms are spacious and modern with LED mirrors with a defogger. The floors are 100% waterproof luxury vinyl planks, and all lights are LED throughout all units. The main house has central air, and the 2 studios have new mini-splits. All 3 units have full sized kitchens with cooktop, or range, microwaves and ovens, large refrigerators with freezers and all with water supply. The laundry room is located on the premises with easy access to everyone. You may have coin/card machines for additional passive income. NO CDD, NOHOA, NO Flood Insurance. TENANTS PAY: electric and cable/internet bills. LANDLORD PAYS: water and landscaping. *PLEASE DO NOT DISTURB TENANTS* PLEASE CALL FOR APPOINTMENT. The units will be available for viewing during the inspection period. Seller accepting *CASH OFFERS ONLY*. Main house $2,650/mo. studio or mother-in-law suite $1,400/mo. studio $1,300/mo. Property is 100% occupied!
6
Beds
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4
Baths
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Franklin Heights
SubDv.
⋅
33703
Zip Code
1032 54th Avenue N, St Petersburg
