$1,575,000 Price Analysis    ♡   Saint Petersburg, FL 33701 7 bed 7 bath 3,948 SqFt ($398/SqFt) 0.25 acre lot. Built 1949 Listed 2024-06-01, Taxes $1,692 | Ⓧ USDA Ineligible due to price & location near Saint Petersburg |
EXCELLENT INVESTMENT OPPORTUNITY to acquire a 7 UNITS to Hold or for Individual Resale steps off of the 4th St corridor in the sought after CRESCENT LAKE area of ST PETERSBURG proper!!!
Comprising 7 FULLY OCCUPIED 1-Bedroom/1 Baths in an 8 unit condo property across 2 buildings on a large lot complete with off street parking, these homes are exceedingly walkable to all of the in demand destinations of downtown St Pete, the tennis and pickleball courts of gorgeous Crescent Lake and the waterfront. These are high-demand products with balconies, patios and central AC, designed so that all are corner units - ideal for both our boomng rental and sales markets, providing opportunities for multiple investment strategies with multiple exit options - the next owner can Buy and hold as a set or sell off individually. With ON-SITE LAUNDRY, wood floors, updated units, fresh paint, FULLY S EPARATELY METERED FOR ELECTRIC all steps off Crescent Lake and 4th Street all make this a TURN-KEY property for any investor on the spectrum, new or experienced. Located in a pleasing shaded neighborhood with mature landscaping and a fantastic lifestyle these properties will be sure to provide SOLID, CONSISTENT CASH-FLOW and SIGNIFICANT UP-SIDE for the next owner regardless of strategy. This area is IN HIGH-DEMAND for rentals AND sales and will remain that way for the foreseeable future as downtown ST PETE continues to boom!
This NO-FLOOD ZONE property is in an IDEAL LOCATION for residents!! Walk to Crescent Lake, Central Ave, Beach Drive and all of the excellent restaurants, shops and breweries and ENTERTAINMENT, CULTURAL ATTRACTIONS and WATERFRONT PARKS that DOWNTOWN ST PETE is so rightly famous for!!! With easy access to the freeway it's also a short drive to our excellent BEACHES or downtown Tampa - truly something for everyone. Don't wait - invest now in the future of St Pete!!! Pre-Contract Showings available when there are vacancies, walk-arounds welcome when there are not - contact today to schedule.
Presented by Adam Yore at
RE MAX Preferred.
Property MLS #U8244869 from StellarMLS
Full Bathrooms: 7
Flooring: Wood
Range
Refrigerator
Washer
Laundry Features: Common Area, Laundry Closet
Heating Features: Central
Patio And Porch Features: Covered
Road Surface Type: Paved
Additional Parcels: Yes
Lot Description: City Limits, In County, Near Public Transit, Sidewalk
Lot Size Acres: 0.25
Number of Lots: 7
Lot Size Square Feet: 10985
Number of Units: 7
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Tenant Pays: Electricity
Pets Allowed: Number Limit
Pet Description: Number Of Pets: 2
Source Listing Status: Active
County: Pinellas
Directions: 4th St to 14th Ave N to addresses.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33701 - St Pete
Source Neighborhood: PALMS AT CRESCENT LAKE CONDO
Parcel Number: 18-31-17-65899-440-0010
Postal Code Plus 4: 1138
Subdivision: PALMS AT CRESCENT LAKE CONDO
Township: 31
Property Subtype: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $77,888 | $1,692 |
| 2021 | $unknown + $unknown $70,807 | $1,548 |
| 2020 | $unknown + $unknown $64,370 | $1,430 |
| 2019 | $unknown + $unknown $58,518 | $1,314 |
| 2018 | $unknown + $unknown $53,198 | $1,204 |
| 2017 | $52,854 + $unknown $52,854 | $1,096 |
| 2016 | $unknown + $unknown $43,965 | $981 |
| 2015 | $unknown + $unknown $38,953 | $854 |
| 2014 | $unknown + $unknown $35,434 | $779 |
| 2013 | $unknown + $unknown $30,354 | $701 |
| 2012 | $unknown + $unknown $29,618 | $684 |
| 2011 | $unknown + $unknown $36,024 | $792 |
| 2010 | $unknown + $unknown $45,428 | $986 |
| 2009 | $unknown + $unknown $56,039 | $1,220 |
| 2008 | $unknown + $unknown $68,300 | $1,471 |
| 2007 | $unknown + $unknown $68,300 | $1,446 |
$1,575,000
StellarMLS
Sold 2015-12-14
$340,000
Public Record
Sold 2012-08-21
$219,000
Public Record
Sold 2007-10-05
$548,300
Public Record
Year Built: 1949
Construction Materials: Block
Foundation Details: Slab
Property Age: 75
Structure Type: Corner Unit, Walk-Up
Cable Connected
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.