11/18/2021
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***Calling ALL Investors, AZ Flippers*** π»π»π»π»Great Opportunityπ»π»π»π»
(602)380-2967
VALUE ADDED 9 UNIT MULTI-FAMILY ASSET
LOCATION: ST. PETERSBURG, FLORIDA
ASKING PRICE: $1,490,000 + 5%
BUILDING SIZE: 5,780 SF
LOT SIZE: 9,500 SF
YEAR BUILT: 1948
Our Offering is for 9 unit multi-family complex consisting of 5780 sf of structure on 9500 sf of land.
The structure is all block.
There are 8 one bedrooms and one studio.
All rents are under market.
This is a real value-add opportunity with the potential to raise rents 35 to 40%.
This Complex does not experience any vacancy - there is always a waiting list.
Great opportunity to purchase as an Investment and if you wish, retire in paradise in one of the units and have a steady income.
Numerous updates have been executed in recent years including wood & tile floors, ductless A/Cs, kitchens, bathrooms, water heaters, insulation, and some electric & plumbing.
Please Note: The Rental Market in St Petersburg is on a huge upswing. The 10 plus New Luxury Mid-Rises in Downtown are experiencing a 99% occupancy rate.
Located at 701 Bay Street NE, St. Petersburg, Florida 33701, in Old NE St. Petersburg.
Also the only way you can view the property is with a PSA. Please let me know if you have interest. Itβs a really nice property that we donβt expect to stay around for too long.
βοΈCall Diva!
Buying And Selling, Wholesale, Investment, Airbnb.