375 & 359 50th Avenue N Unit 1,2,3,4, St Petersburg, FL 33703

$895,000
8
BD
3,072
SqFt
Sold Price
$895,000
List Price
$1,000,000
Status
Sold
Days on Market
32
Closing Date
Jan 30, 2023
MLS#
U8183992
Property Style
Quadruplex
Year Built
1980
Bedrooms
8
Living Area
3,072
Lot Size
15,875
Acres
0.36
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Harcourt
MLS Area Major
St Pete

Property Description

Location, location, location! A four unit apartment complex in Northeast St. Pete, just east of 4th street north. All four are symmetrical 2 bedroom, 1 bath units featuring concrete block construction, central heat and air, and private, fenced outdoor area featuring a dedicated laundry room for each unit. All units are separately metered for both water and electric; owner pays only taxes, insurance, and lawn care. Easy to manage complex with far below market rents- there is massive upside potential in one of the best areas of the city. New roofs on both buildings in fall 2020, new exterior paint, lighting and landscaping in 2021. Potential for future development due to land size, or may be possibility to add units in middle due to layout of buildings on 3 lots (potential buyers to verify with city). A pride of ownership complex with great income that is easy to manage and close to everything! Only available masonry fourplex under $1,2000,000 in St. Pete! Current net income is $50,000! At market rents net income would be $74,000! See attached Rent Roll.

Additional Information

Taxes
$9230
Location
Private
Community Features
No Deed Restriction
Zoning
MULTI-FAM
Interior Layout
Master Bedroom Main Floor, Open Floorplan, Thermostat
Interior Features
Master Bedroom Main Floor, Open Floorplan, Thermostat
Appliances
Range, Refrigerator
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Block, Concrete, Stucco
Exterior Features
Courtyard, Storage
Roof
Shingle
Foundation
Block
Pool
No Pool
Garage Features
Driveway, Parking Pad
Flood Zone Code
AE-8
Parcel ID
06-31-17-36702-008-0250
Legal Description
HARCOURT BLK H, LOTS 25 AND 26 & W 35FT LOT 24

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER REALTY. Selling Office: LUXURY & BEACH REALTY INC.

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