Photo 1 of 1
$390,000
Sold on 2/18/20
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
2,386 |
$5,607 |
1952 |
|
On the market:
18 days
|
View full details, photos, school info, and price history
Great opportunity to own an income producing 4-plex close to downtown St. Pete’s Edge District, I-275, 22nd Ave N, and located across the street from beautiful Woodlawn Park. This property consists of two block construction duplexes. All four units are identical one bedroom apartments that measure approximately 600 square feet (heated). Each apartment features terrazzo floors, ceiling fans, window A/C – Heat units, and large bedrooms. Each unit has a washer, dryer, and small kitchen. Two of the units have their own private dog runs / fenced-in small side-yards. All four apartments are separately metered and tenants pay their own water, sewer, trash, and electric. The property has a private off-street parking lot behind the buildings and each unit has assigned parking. Typically, when a unit comes up for lease, it is rented within a week and there always is a huge demand for them. Presently, the owner is turning a unit and he anticipates it being rented quickly. Property does need TLC (i.e. deferred maintenance in all four units- floor settling, older windows, older cabinets, and property exterior needs paint and a new roof) but with the necessary improvements rents could be raised due to high demand in the rental market and the property's location. All showings must be accompanied by Listing Agents. Please do not walk the property unattended or disturb the tenants. Thank you. Buyer to verify all measurements, financials, leases, and all information here-in.
Listing courtesy of Frank Malowany & Becky Malowany