Active
4761 1ST AVE N
ST PETERSBURG FL, 33713
$1,100,000
$437.38 per sqft
Active
8 Beds
5 Baths
2,515 sqft
Residential
Built in 1925
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CA 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. 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.
W7861395
MLSⓇ ID
January 27, 2024
Listed
November 22, 2024
Updated
Map
4761 1ST AVE N
ST PETERSBURG FL, 33713
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
5
Full Bathrooms
5
Interior Features
Living Room/Dining Room Combo, Thermostat
Appliances
Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Laundry Description
Gas Dryer Hookup, Laundry Room, Washer Hookup
Floor Description
Wood
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air, Mini-Split Unit(s)
Heating
Yes
Heating Description
Central, Electric, Gas, Wall Units / Window Unit
Exterior/Building Features
Lot Size
0.15 Acres
Exterior Features
Courtyard, Lighting, Outdoor Shower
Roof
Shingle
Sewer
Public Sewer
School Information
High School
Boca Ciega High-PN
Elementary School
Northwest Elementary-PN
Other Property Details
Area Name
33713 - St Pete
Taxes
$8,539
Tax Frequency
Annually
Days on Market
299
Association Fee Frequency
Monthly
Garage
No
Parking
Driveway, Parking Pad
View
No
County
Pinellas
Municipality
31
Water Source
Public
Pool
No
Zoning
NTM-1
Listing History
Date | Event | Price |
---|---|---|
11/20/2024 | Price change | $1,100,000 -5% |
Listed by PRICE PROPERTIES & INVESTMENTS, LLC
Listing Contact: 727-453-2165
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Data last updated 11/22/2024, 8:06 AM UTC