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Shauna Vitale

shauna.vitale@engelvoelkers.com +1(941) 544-9734

$ 1,150,000

Est. payment -/mo

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Active

4761 1ST AVE N St Petersburg, FL 33713

8 Beds

5 Baths

2,515 SqFt

UPDATED:

09/04/2024 09:03 PM

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

Listed by PRICE PROPERTIES & INVESTMENTS, LLC

Shauna Vitale

Advisor | License ID: SL3519386

+1(941) 544-9734

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