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

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