3038 25TH Street N

    St Petersburg, FL 33713
    • $275,000
    • STATUS: Pending
    • ON SITE: 270 days
    • MLS #: T2905486
    Pending
    $275,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,221
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Listing information courtesy of Bhhs Florida Properties Group.

    Description

    Excellent opportunity to own a fully occupied rental property with outstanding rental income history. Property consist of one block single family home (2BR/1BA @ $995/month), one duplex (2 2BR/1BA @ $1350/month total) and one oversized 4-bay garage which brings in additional rental income ($850/month total) as well. All tenants are under month-to-month leases at discounted rental rates to the current market. Call today for additional information on this property which brings in nearly $39K gross annually at below market rental income. Estimated current market rental income approximately $45K. This equals an adjusted cap rate of over 12.8 if utilizing market rental income figures. Current offering equates to a cap rate of over 10.4. All units occupied - please do not disturb tenants.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-24T23:40:02.89.
    www.beachislandgroup.com/homes/77088404

    3038 25TH Street N St Petersburg, FL 33713

    • Price: $275,000
    • Status: Pending
    • MLS #: T2905486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    2,221
    SQFT
    $124
    $/SQFT
    1961
    Built
    Neighborhood:
    Thirtieth Ave Sub
    County:
    Pinellas
    Area:
    St Pete
    Property Description
    Excellent opportunity to own a fully occupied rental property with outstanding rental income history. Property consist of one block single family home (2BR/1BA @ $995/month), one duplex (2 2BR/1BA @ $1350/month total) and one oversized 4-bay garage which brings in additional rental income ($850/month total) as well. All tenants are under month-to-month leases at discounted rental rates to the current market. Call today for additional information on this property which brings in nearly $39K gross annually at below market rental income. Estimated current market rental income approximately $45K. This equals an adjusted cap rate of over 12.8 if utilizing market rental income figures. Current offering equates to a cap rate of over 10.4. All units occupied - please do not disturb tenants.
    Exterior Features

    Architectural Style Traditional Attached Garage Yn No Construction Materials BlockStuccoWood Frame Direction Faces East Exterior Features Other Lot Features In City LimitsNear Public TransitOversized LotStreet Paved Lot Size Dimensions 80X130 Parking Features AssignedOn Street Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms Great RoomInside UtilityInterior In-Law Apt Appliances DishwasherElectric Water HeaterRangeRefrigerator Cooling Central Air Fireplace Yn No Heating Central Levels Two Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn Yes Annual Expenses 6888 Annual Net Income 31452.00 Association Fee Requirement None Cdd Yn No Community Features None Disclosures Lead PaintSeller Property Disclosure Dpryn No Est Annual Market Income 45000.00 Flood Zone Code X Garage Yn Yes Homestead Yn No Listing Terms CashConventional New Construction Yn No Pets Allowed Number Limit Property Sub Type Quadruplex Realtor Info Short Term Rental AllowedSold As-Is Senior Community Yn No Special Listing Conditions None Tax Annual Amount 2796 Tax Year 2017 Total Actual Rent 3195 Total Num Buildings 3 Utilities Bb/Hs Internet AvailableCable AvailableCable ConnectedElectricity ConnectedPublic

    Listing information courtesy of Bhhs Florida Properties Group.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-24T23:40:02.89.
     
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    Listing information courtesy of Bhhs Florida Properties Group.