725 8TH ST N, St Petersburg, FL 33701 – T3265404 - Ricardo Simon

$888,000

Est. payment -/mo

$980,000

9.4%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4,559 SqFt

SOLD DATE : 02/18/2021

Key Details

Sold Price $888,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,559 sqft

Price per Sqft $194

Subdivision Kinyon & Woods Add

MLS Listing ID T3265404

Sold Date 02/18/21

HOA Y/N No

Year Built 1926

Annual Tax Amount $7,558

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 45x128

Property Description

Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.

Location

State FL

County Pinellas

Community Kinyon & Woods Add

Direction N

Rooms

Other Rooms Attic

Interior

Interior Features Crown Molding, High Ceilings, Living Room/Dining Room Combo

Heating Electric, Space Heater, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Flooring Wood

Fireplaces Type Wood Burning

Fireplace true

Appliance Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer

Laundry Inside

Exterior

Exterior Feature Fence, Lighting, Rain Gutters, Sidewalk, Storage

Parking Features On Street

Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water - Multiple Meters, Water Connected

Roof Type Shingle

Porch Front Porch, Porch, Rear Porch

Garage false

Private Pool No

Building

Lot Description Sidewalk, Street Brick, Street One Way

Entry Level Three Or More

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Other, VA Loan

Listing Terms Cash, Conventional, FHA, Other, VA Loan

Special Listing Condition None

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Submit

Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by SELLSTATE LEGACY REALTY
Bought with ENGEL & VOLKERS MADEIRA BEACH

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com