$1,145,000
$1,275,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
5,028 SqFt
SOLD DATE : 04/15/2022
Key Details
Sold Price $1,145,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,028 sqft
Price per Sqft $227
Subdivision Fraze Acres
MLS Listing ID U8151948
Sold Date 04/15/22
HOA Y/N No
Year Built 1958
Annual Tax Amount $8,479
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 120x138
Property Description
INCOME OPPORTUNITY - 4 DUPLEXES (8 rental units) on a double lot. All units are 2-bedroom/1-bath apartments that are currently leased under market value. Expected annual gross income in As-Is condition is $86,400 to $105,600 ($900-$1,100 per unit). With some remodeling, these could easily rent for $1,200 per month or more. Block construction on concrete slabs with terrazzo floors throughout. Each building also has one attached 6x8 storage unit with laundry hook-ups. Central location is just a short 15-minute drive to the beach, a couple blocks from St. Petersburg General Hospital, shopping and restaurants - so there will never be a problem keeping them rented. 24 notice required for showing. Do not disturb tenants. Being sold in As-Is condition. Be sure to review the Property Disclosures before submitting an offer.
Location
State FL
County Pinellas
Community Fraze Acres
Zoning RM-15
Direction N
Interior
Interior Features Kitchen/Family Room Combo
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Terrazzo
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Exterior
Exterior Feature Sidewalk, Storage
Garage Off Street
Utilities Available Cable Available, Electricity Connected, Public
Waterfront false
Roof Type Shingle
Parking Type Off Street
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with EXP REALTY LLC
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