$579,000

2824 24th Avenue N

SAINT PETERSBURG FL, 33713

Description

High income, full rented, NON-FLOOD zone quadplex located in St. Petersburg on a double lot with over 8% cap rate! This quadplex has two buildings. The first building has been completely redone and include 1 two bedroom, 1 bath and a studio apartment. The second building also includes 1 two bedroom, 1 bath and a studio apartment.Each building has a new roof. There is ample parking on the property which includes a huge driveway and 4 additional spots in the front of the home. There is an open courtyard in the back for relaxing outside/grilling. Each unit has their own assigned parking space, mailbox and entry to the unit.The front building is separately metered for electric and landlord pays water, sewer & trash. The two bedroom, 1 bathroom unit has been completely redone from the ground up and includes hardwood floors throughout, stainless steel appliances, a dishwasher, in-unit laundry, recessed lightening throughout and fans in each bedroom, the living room and brand new blinds as well. The bathroom includes a new vanity, toilet and stunning walk in shower with stainless steel fixtures. It also has a beautiful Spanish style porch on the front of the home as well. AC is 2017. The studio has all brand new stainless steel appliances with new granite countertops. double sink and a stunning backsplash. Other amenities include in-unit laundry, recessed lightening throughout and a mini-split AC unit.The back building is on one electric meter and one water meter that landlord pays. Each back unit has window AC units with long term tenants in place. A one garage garage allows for additional revenue with coin laundry in place and additional storage.There is no work needed as all units are rented out with leases in place. Start making money right away. VIEWED BY APPOINTMENT ONLY. PROPERTY IS OCCUPIED - Please DO NOT DISTURB TENANTS. Perfect 1031x exchange

Details

MLS#U8085300
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site7

Features

SQ Feet1,050
Units4
Building(s)2

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Area Information

StateFL
CountyPinellas
CitySAINT PETERSBURG
Zip Code33713
Area33713 - St Pete
Listing VS Median (in 33713)
Price:
$579,000
low | high
Med:
$264,450
100% of Average
SqFt:
1,050
low | high
Med:
1,631
5.333333333333% of Average
$ / SqFt:
$551
low | high
Med:
$164
100% of Average
On Site:
7
low | high
Med:
63.5
11.023622047244% of Average
Listing Updated: 05/28/2020
MLS Number: U8085300
Listing Provided By:
Saverio Barbarito  of  RE MAX HOME

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