$1,230,000
$1,597,659
23.0%For more information regarding the value of a property, please contact us for a free consultation.
742 7TH AVE N St Petersburg, FL 33701
3,515 SqFt
Key Details
Sold Price $1,230,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,515 sqft
Price per Sqft $349
Subdivision Plunkets Elijah B
MLS Listing ID U8201782
Sold Date 07/14/23
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1915
Annual Tax Amount $8,427
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 56x140
Property Description
This 8-unit turnkey apartment opportunity is located in the heart of downtown urban core district of St. Petersburg, Florida.
The asset has been meticulously renovated over the last several years. Capital improvements include a new roof in October 2022, electrical upgrade to the entire property in 2020 & 2022, new kitchens in 5 of the 8 units in addition to new flooring, paint, exterior stairs, laundry equipment, fencing and exterior vinyl siding. All of these improvements make this asset a standout property over the competition in the area.
The property consists of 3 separate buildings, an original bungalow, a large garage apartment with multiple garage bays and ample storage for supplies, and a two-story main building. 2 of the largest units have central (mini-split systems). The property offers off-street parking for 5 vehicles.
Current rents are slightly below market due to the owner being a part-time resident and not pushing for maximum revenue but rather a full house scenario operation.
Location
State FL
County Pinellas
Community Plunkets Elijah B
Direction N
Interior
Interior Features Other
Heating Central, Other
Cooling Mini-Split Unit(s)
Fireplace false
Exterior
Exterior Feature Balcony, Other
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with RE/MAX METRO