4480 40TH ST N, ST PETERSBURG, FL, 33714
$1,075,000
Residential Income
|
Bedrooms
10
|
Bathrooms
9
|
Living Area
4,954 Sqft
|
Lot Size
40,493 Sqft
|
Multi-Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi-unit property is a rare opportunity for the savvy investor. It is just minutes from downtown St. Petersburg, I-275, and US-19. Featuring five duplexes, including studio and 1-bedroom units, each with its own screened-in front porch, and a separate 2-bedroom single-family home, this income-producing compound is full of potential. While the structures are currently occupied and livable, some units may benefit from cosmetic updates and TLC, making this an ideal value-add investment. The layout and variety of units lend themselves well to long-term tenants, short-term rentals, or a mixed-use strategy. A quiet setting with old-Florida charm, this property invites you to reimagine its future. Whether you're looking to renovate and increase rental income or hold as-is, this is a chance to own a rare collection of units on a beautiful shaded lot. See attached PDF for details.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8367052 | Year Built: | 1969 | |
| Construction Materials: | Block, Stucco, Frame | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Storage | Flooring: | Linoleum, Tile, Wood | |
| Foundation Details: | Concrete Perimeter | Heating: | Ductless | |
| Laundry Features: | None | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | Level, Paved | |
| Occupant Type: | Tenant | Patio And Porch Features: | Front Porch, Screened | |
| Property Sub Type: | Multi Family | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | No Lockbox, See Remarks, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Tenant Pays: | Electricity, Water | Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected | |
| View: | Trees/Woods | Water Source: | Public | |
We love to hear from you