Price: $1,100,000
MLS Number: W7861395
 Single Family
4761 1st, Saint Petersburg, Florida 33713 USA
 Beds: 8
 
 Baths: 5
 
 Living Area: 2,515
 Total Square Feet: 3,544
 
 Lot Square Feet: 6,351
 
 HOA Fees: 
 Year Built: 1925
 
 Community: CENTRAL PARK REV
 
 Subdivision: CENTRAL PARK REV
 Elementary School: Northwest Elementary-PN
 
 Junior High: Azalea Middle-PN
 High School: Boca Ciega High-PN
 
About this Property
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.

About the Area

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