1757 RUSSELL ST S new Save Request In-Person Tour Request Virtual Tour
Saint Petersburg,FL 33712
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $299
Subdivision La Plaza Add
MLS Listing ID TB8318076
Bedrooms 8
Year Built 1962
Annual Tax Amount $4,702
Lot Size 6,534 Sqft
Property Description
**Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit. This would enhance your investment returns and maximize the property's profitability. Don?t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
Location
State FL
County Pinellas
Community La Plaza Add
Interior
Heating Central
Cooling Central Air
Flooring Tile
Laundry Other
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Waterfront false
Roof Type Built-Up,Membrane
Building
Lot Description City Limits,Level,Near Public Transit,Oversized Lot,Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Special Listing Condition None