905 James Avenue S

Description

Under contract-accepting backup offers. Prime Investment Opportunity in St. Petersburg, FL PROPERTY HIGHLIGHTS....This unique single-family home is an investor's dream, offering 3 distinct rental units. Each unit is currently occupied by high-quality, reliable tenants. Situated in a high-demand, transitional neighborhood that's rapidly appreciating on a large lot. This property is perfect for those seeking long-term growth and steady income......... All major furnishings & appliances are the owner's and will convey. Tenants' items DO NOT convey.The side unit has a washer & dryer and the other 2 units share a washer & dryer. Each unit has 1 off street parking space. Roof 2024, Hot-water Heater 2023, Termite Treatment 2022. ANNUAL LEASES IN PLACE..... NOT in a flood zone..... HUGE LOCATION POTENTIAL Located just under a mile from vibrant downtown St. Petersburg, this property offers unparalleled convenience. This prime location ensures that residents have convenient access to cultural, recreational, and essential services while also being close to grocery stores, shopping and amazing restaurants. This enhances the property's appeal to potential tenants. INVESTOR BENEFITS * Turnkey income: With three excellent, annual lease tenants already in place, enjoy immediate cash flow.... * Rapid appreciation: The neighborhood's ongoing transformation adds significant potential for equity growth.... * Low vacancy risk: The location ensures consistent demand.... * Current GROSS INCOME $51,600......NET INCOME $32,985.... * CAP Rate 10 percent..... Whether you're a seasoned investor or new to the market, this property offers the perfect combination of LOCATION, STABILITY, and GROWTH POTENTIAL. Secure your investment opportunity today! .......Contact us now for more details or to schedule a private tour!