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13
Photos
1405 7th AVENUE N, Saint Petersburg, FL 33705
$983,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
4
baths
1,656
sqft
Built in
1928
Charming 4-Unit Multi-Family Property in Uptown St. Pete Producing $6,082 monthly. Step into a prime investment opportunity with this meticulously renovated 2-story multi-family property in the sought-after Uptown neighborhood of St. Petersburg. This charming building blends historic elegance with modern amenities. Fully leased and generating $6,082 monthly, it promises consistent cash flow and long-term appreciation potential. This property offers an excellent ROI with potential for rent increases. As a turnkey investment, all four units are fully renovated with modern finishes, ensuring minimal immediate capital expenditure. Each unit has its own electric meter, simplifying management and making utility costs predictable. Located just minutes from Downtown St. Pete’s vibrant dining, shopping, and entertainment, the neighborhood boasts high rental demand, ensuring low vacancy rates and stable income. Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with 9 months remaining on the lease. Unit 2, on the second floor, is a studio with a separate kitchen and private bathroom, currently renting for $1,507 per month, with an expected renewal at $1,600 per month. Unit 3, also on the second floor, is a studio with a private bathroom, renting for $1,600 per month with 8 months remaining. Unit 4 is a ground-floor studio with a full kitchen and private bathroom, renting for $1,275 per month, also with 8 months remaining. With individual electric meters and modern amenities, property management is streamlined. St. Pete’s growing real estate market promises value appreciation, making this property an attractive long-term investment. Financially, the property an annual gross income of $72,984. With anticipated rent adjustments, the annual income can increase further, enhancing the investment’s profitability. All financial details and lease information provided are accurate as of the listing date. Prospective buyers are encouraged to verify all details and conduct thorough due diligence. Seize this lucrative investment opportunity today and secure your stake in St. Pete’s thriving real estate market!!!
Features & Amenities
Interior
- General:
- Ceiling Fan(s), Open Floorplan
- Appliances:
- Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
- Laundry:
- Common Area, Electric Dryer Hookup, Outside, Washer Hookup
- Flooring:
- Luxury Vinyl
- A/C:
- true, Central Air, Wall/Window Unit(s)
- Heating:
- true, Electric
Exterior
- General:
- Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk
Construction
- Roofing:
- Shingle
- General:
- Wood Frame, Multi/Split, Concrete Perimeter
Location
- Road/Access:
- Asphalt
- Originating MLS:
- Stellar MLS
- County:
- Pinellas
Lot
- Zoning:
- BON AIR W 38 1/2 FT OF LOT 80, 133116100620000800
Utilities
- Utilities:
- Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Stellar MLS
This listing courtesy of:
3 POINT REAL ESTATE SOLUTION, Giancarlo Gonzalez
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Saint Petersburg, FL
Housing
- Number of Units
- 198,858
- Median Home Value
- $268,233
- Median Rent
- $1,040
34.52% of housing units are renter occupied.
14.89% are vacant.
Commute
- Car
-
62.17%
- Public Transportation
-
1.66%
- Walk to Work
-
1.48%
- Work from Home
-
32.47%
- Other
-
1.10%
The median travel time to work is 17 minutes.
People
- Population
- 352,896
- Median Age
- 46.30
- Median Household Size
- 2.36
Education
- High School
-
25.67%
- Associate’s Degree
-
9.20%
- Bachelor’s Degree
-
22.93%
- Graduate Degree
-
13.14%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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