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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.
Property Features
- Lot Size: 6,351
- County: Pinellas
-
Taxes: $8,539
| Rooms |
Dimension |
Description |
| Kitchen |
11x12 |
First
|
| Living Room |
22x12 |
First
|
| Primary Bedroom |
13x12 |
First
|
-
Features - Living Room/Dining Room Combo, Thermostat
-
Appliances - Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
-
Heating - Central, Electric, Natural Gas, Wall Units / Window Unit
-
AirConditioning - Central Air, Mini-Split Unit(s)
-
FloorCovering - Hardwood
-
Utilities - BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Solar, Street Lights, Underground Utilities, Water Available, Water Connected
-
Construction -
Wood Frame
-
Features -
Courtyard
, Lighting
, Outdoor Shower
-
Roof -
Shingle
-
Foundation -
Crawlspace
- Elementary - Northwest Elementary-PN
- Middle school - Azalea Middle-PN
- High school - Boca Ciega High-PN
Birdseye view for 4761 1ST AVENUE N, FL 33713
Street view for 4761 1ST AVENUE N, FL 33713
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Listing data comes from My Florida Regional MLS.
