$888,000
$980,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
725 8TH ST N St Petersburg, FL 33701
4,559 SqFt
Key Details
Sold Price $888,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,559 sqft
Price per Sqft $194
Subdivision Kinyon & Woods Add
MLS Listing ID T3265404
Sold Date 02/18/21
HOA Y/N No
Year Built 1926
Annual Tax Amount $7,558
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45x128
Property Description
Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.
Location
State FL
County Pinellas
Community Kinyon & Woods Add
Direction N
Rooms
Other Rooms Attic
Interior
Interior Features Crown Molding, High Ceilings, Living Room/Dining Room Combo
Heating Electric, Space Heater, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Wood Burning
Fireplace true
Appliance Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Fence, Lighting, Rain Gutters, Sidewalk, Storage
Garage On Street
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Waterfront false
Roof Type Shingle
Porch Front Porch, Porch, Rear Porch
Parking Type On Street
Garage false
Private Pool No
Building
Lot Description Sidewalk, Street Brick, Street One Way
Entry Level Three Or More
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
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Bought with ENGEL & VOLKERS MADEIRA BEACH
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