4 Beds
4 Baths
1,656 SqFt
4 Beds
4 Baths
1,656 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $573
Subdivision Bon Air
MLS Listing ID U8245876
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1928
Annual Tax Amount $4,959
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 38x53
Property Sub-Type Single Family Residence
Property Description
Each of the four units has been tastefully updated with modern finishes, ensuring tenant satisfaction and low maintenance costs. The property features individual electric meters for all units, simplifying management and making utility expenses predictable. Currently, Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with nine months remaining on the lease. Unit 2, located on the second floor, is a studio with a separate kitchen and private bathroom, renting for $1,507 per month with an anticipated renewal at $1,600 per month. Unit 3, also on the second floor, is another studio with a private bathroom, renting for $1,600 per month with eight months remaining on the lease. Unit 4, a ground-floor studio with a full kitchen and private bathroom, rents for $1,275 per month, also with eight months remaining.
This 2-story building, built in 1928, boasts timeless architectural character while offering tenants convenient on-site parking and close proximity to Downtown St. Petersburg's vibrant dining, shopping, and entertainment scene. Its location in the Uptown neighborhood ensures strong rental demand, low vacancy rates, and potential for future rent increases. The total annual gross income for 2024 is $72,984, with room to enhance profitability through modest rent adjustments as leases renew.
For investors, this property offers an excellent combination of reliable cash flow, a solid NOI, and long-term appreciation potential. With individual electric meters and a history of meticulous upkeep, property management is streamlined, allowing for a stress-free ownership experience. Financial details, including lease terms and expense breakdowns, are available upon request to help prospective buyers conduct thorough due diligence.
Opportunities like this are rare in St. Petersburg's thriving real estate market. Don't miss your chance to own a high-performing, fully-leased quadplex in a location that continues to grow in value and appeal. Schedule your private showing today and secure your stake in one of Florida's most dynamic rental markets!
Location
State FL
County Pinellas
Community Bon Air
Area 33705 - St Pete
Direction N
Interior
Interior Features Ceiling Fans(s), Open Floorplan
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace false
Appliance Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Common Area, Electric Dryer Hookup, Outside, Washer Hookup
Exterior
Exterior Feature Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Multi/Split
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8245876
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