2025 7th St S

SAINT PETERSBURG, FL 33705

About this property

INCREDIBLE CASH-FLOWING PROPERTY !!!! *8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!* *Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city's vibrant amenities, attractions, and employment opportunities. *Property Highlights:* - 8 spacious units full updated in 2021/2022 (6 units 1 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths) - 11 bedrooms and 9 bathrooms. - Gated front and back yards provide privacy and security - On-site laundry room for added convenience - Beautifully landscaped grounds with ample parking - Strong income potential with most tenants under housing authority programs -800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) or convert it in extra bedrooms , it is already considered heated sqft. *Financial Highlights:* - Monthly income $13,420 - Gross Annual Income: $161,020+ - Net Operating Income (NOI): $123,900+ - Cap Rate: 7.3 % - Average Rent per Unit: $1,677 *Additional Features:* - Individual unit meters for electricity and water - Security cameras and motion-sensitive lighting - Close proximity to public transportation, shopping, and dining *Don't miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg's most growing neighborhoods next to Downtown!*

Features and Additional Information

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$1,699,000 Active
4,632 SQFT

Presented By Bridge Point Business and Real Estate Advisor

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PREMIER PORTFOLIO INTL REALTY
1-727-471-4980
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Area Information

33705 St Pete | Pinellas County | SCHOOLEYS HOMEVILLE

$ 1,699,000
This listing is play_arrow 62.3% higher than the average in the area
$ 1,047,000 in the area
4,632 SqFt
This listing is play_arrow 52.3% larger than the average in the area
3,041 SqFt in the area
$ 367 $/SqFt
This listing is play_arrow 14.8% more than the average in the area
$ 320 $/SqFt in the area
-45,472 days on site
This listing is play_arrow 252722.2% below the average in the area
18 days on site in the area

Schools in the Area

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Listed By Davide Timori
Brokerage: PREMIER PORTFOLIO INTL REALTY

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