858 93RD AVE N, ST PETERSBURG, FL, 33702
$875,000
Residential Income
|
Living Area
3,276 Sqft
|
Lot Size
12,700 Sqft
|
Rare Investment opportunity, 4-unit concrete block constructed apartment building in beautiful St. Petersburg, Florida! This turn-key purpose-built quadplex offers 4 identical units - 2Br 1 Bath with washer/dryer hook-ups. All units have been remodeled with new kitchen, bath, and tile flooring. New top of the line Trane HVAC units in all 4 apartments, Low-e double pane vinyl insulated windows, water sprinkler with well. You will not find a better maintained 4-unit rental property for sale in Pinellas County. Located just 14 minutes from Tampa International Airport and 11 minutes to Downtown St Pete and 2miles to Tampa Bay beaches, this property provides unbeatable convenience for tenants. Current rents are below market value, creating an immediate value-add opportunity for investors. By adjusting to median rent rates, this property has the potential to generate a 10%+ cap rate immediately, making it an exceptional addition to any portfolio. Don't miss this chance to own a high demand, meticulously maintained rental property with significant upside potential!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8351559 | Year Built: | 1985 | |
| Accessibility Features: | Accessible Approach with Ramp, Accessible Entrance | Appliances: | Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator | |
| Construction Materials: | Block, Stucco | Cooling: | Central Air | |
| Country: | US | Disclosures: | Flood Disclosure, Seller Property Disclosure | |
| Exterior Features: | Fence, French Doors, Sidewalk | Flooring: | Ceramic Tile | |
| Foundation Details: | Slab | Heating: | Central | |
| Laundry Features: | Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup | Lease Term: | 6-12 Month | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | Corner Lot, FloodZone, Paved | |
| Other Structures: | Shed(s) | Parking Features: | Open | |
| Patio And Porch Features: | Front Porch, Rear Porch | Possession: | Close of Escrow | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Security Features: | Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Supra Lock Box, 24 Hour Notice, See Remarks | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Water | |
| Utilities: | BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Public, Sewer Available, Sewer Connected, Sprinkler Well, Street Lights, Water - Multiple Meters, Water Available, Water Connected | View: | Water | |
| Water Source: | Public | Window Features: | Double Pane Windows, Insulated Windows, Low Emissivity Windows, Thermal Windows | |
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