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4761 1st Avenue N

St Petersburg, FL 33713
  • $1,150,000
  • STATUS: Active
  • ON SITE: 255 Days
  • MLS #: W7861395
$1,150,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,515
    SQFT
  • $457
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT 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 for 10% of collected rent. 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.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-10-07T23:42:31.01.
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4761 1st Avenue N St Petersburg, FL 33713

  • Price: $1,150,000
  • Status: Active
  • On Site: 255 Days
  • MLS #: W7861395
8
Beds
5
Baths
0
½ Baths
0.15
Acres
2,515
SQFT
$457
$/SQFT
1925
Built
Neighborhood:
Central Park Rev
County:
Pinellas
Area:
St Pete
Elementary School:
Northwest Elementary-PN
Middle School:
Azalea Middle-Pn
High School:
Boca Ciega High-Pn
Property Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT 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 for 10% of collected rent. 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.
Exterior Features

Carport Yn No Construction Materials Wood Frame Direction Faces South Exterior Features CourtyardLightingOutdoor Shower Fencing FencedWood Foundation Details Crawlspace Open Parking YN Yes Parking Features DrivewayParking Pad Pool Private Yn No Road Surface Type Paved Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms Den/Library/Office Appliances DisposalDryerGas Water HeaterMicrowaveRangeRefrigeratorWasherWater Softener Building Area Total 3544 Cooling Central AirMini-Split Unit(s) Cooling YN Yes Fireplace Yn Yes Flooring Hardwood Heating CentralElectricNatural GasWall Units / Window Unit Heating YN Yes Interior Features Living Room/Dining Room ComboThermostat Laundry Features Gas Dryer HookupLaundry RoomWasher Hookup Levels Two Sewer Public Sewer Water Source Public Window Features Blinds

Property Features

Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventionalOwner May Carry Minimum Lease 1 Month Month To Month Or Weekly Yn No New Construction Yn No Ownership Fee Simple Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 8539 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableElectricity AvailableElectricity ConnectedPublicSewer AvailableSewer ConnectedSolarStreet LightsUnderground UtilitiesWater AvailableWater Connected Yrs Of Owner Prior To Leasing Re No Zoning NTM-1


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of PRICE PROPERTIES & INVESTMENTS, LLC: 727-453-2165.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-10-07T23:42:31.01.
 
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