4761 1ST AVE N Active Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33713
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,515 sqft
Price per Sqft $457
Subdivision Central Park Rev
MLS Listing ID W7861395
Bedrooms 8
Full Baths 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $8,539
Lot Size 6,534 Sqft
Acres 0.15
Property Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Location
State FL
County Pinellas
Community Central Park Rev
Zoning NTM-1
Direction N
Rooms
Other Rooms Den/Library/Office
Interior
Interior Features Living Room/Dining Room Combo,Thermostat
Heating Central,Electric,Gas,Wall Units / Window Unit
Cooling Central Air,Mini-Split Unit(s)
Flooring Wood
Fireplace true
Appliance Disposal,Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener
Laundry Gas Dryer Hookup,Laundry Room,Washer Hookup
Exterior
Exterior Feature Courtyard,Lighting,Outdoor Shower
Garage Driveway,Parking Pad
Fence Fenced,Wood
Utilities Available BB/HS Internet Available,Electricity Available,Electricity Connected,Public,Sewer Available,Sewer Connected,Solar,Street Lights,Underground Utilities,Water Available,Water Connected
Waterfront false
Roof Type Shingle
Parking Type Driveway,Parking Pad
Garage false
Private Pool No
Building
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Schools
Elementary Schools Northwest Elementary-Pn
Middle Schools Azalea Middle-Pn
High Schools Boca Ciega High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Owner Financing
Listing Terms Cash,Conventional,Owner Financing
Special Listing Condition None