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$1,300,000   Price Analysis
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725 8th St N
Saint Petersburg, FL 33701
7 bed 9 bath 4,559 SqFt ($285/SqFt)
5,767SqFt lot. Built 1926
Listed 2024-02-19, Taxes $15,725
Ⓧ USDA Ineligible
due to price & location

near Saint Petersburg

BACK ON THE MARKET!

* Sale Pending *

Here's a tremendous investment opportunity for you to own this property so close to Crescent Lake Park. There are 2 buildin gs; Enter from the front porch into this 4bed/2bath Bungalow in the front. The rear apartment building is a 3 story, 7 unit walk up. Serene courtyard in between for all to enjoy! The apartment building consists of (5) Efficiencies, (1) 1bed/1bath and (1) 2bed/1bath on the top floor, 3 UNITS RECENTLY RENOVATED.

NEWLY PAINTED EXTERIOR, all units are mostly fully rented in this highly sought after, desirable area. Each unit has SEPARATE ELECTRIC METERS. Both buildings have had their electric and plumbing updated by prior owner. The Main House has its AC (2018), PRISTINE ROOF (2020); Rear building ROOF (2021). Rents in NOI and Rent Summary, attached are actual rents.


Presented by Gina Timmins at
Smith & Associates Real Estate.
Listing Agent Photo

Property MLS #U8231271 from StellarMLS

Bedrooms: 7

Total Bathrooms: 9
Full Bathrooms: 9

Crown Molding
High Ceilings
Living Room/Dining Room Combo
Furnished Description: Unfurnished
Flooring: Carpet, Tile, Wood

Laundry Features: Inside

Cooling Features: Central Air, Wall/Window Unit(s)
Fireplace Features: Living Room, Wood Burning
Heating Features: Electric, Space Heater, Wall Units / Window Unit

Extra Room-1 Description: Attic

Courtyard
Fence
Lighting
Rain Gutters
Storage
Patio And Porch Features: Deck, Front Porch
Road Responsibility: Public Maintained Road
Road Surface Type: Brick

Lot Size Acres: 0.1323921
Lot Size Dimensions: 45 x 128
Lot Size Square Feet: 5767

Parking Features: On Street

Number of Buildings: 2
Number of Units: 8
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Elementary School: North Shore Elementary-PN
High School: St. Petersburg High-PN
Middle School: John Hopkins Middle-PN

John Hopkins Middle School is a public middle school located approximately 1.4 miles away.
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St. Petersburg High School is a public high school located approximately 1.5 miles away.
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North Shore Elementary School is a public elementary school located approximately 1.7 miles away.
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Indi-ED is a private elementary, middle and high school located approximately 0.6 miles away.
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Gross Income: 109080
Tenant Pays: Electricity

Calculated Total Monthly Association Fees: 0

Community Features: Park, Playground, Sidewalks, Tennis Courts

Community Association WaterFeatures: Lake
Annual Tax Amount: 17246
Source Listing Status: Pending
County: Pinellas
Directions: From 275, take 22nd Ave exit, Left onto 22nd Ave, straight to 4th St, R on 4th St, R to 7th St N, R to 8th St N. Property on the right.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33701 - St Pete
Source Neighborhood: KINYON & WOODS ADD
Parcel Number: 18-31-17-46836-002-0140
Postal Code Plus 4: 2114
Subdivision: KINYON & WOODS ADD
Township: 31
Property Subtype: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$400,328 + $384,672
$785,000
$15,725
2021$unknown + $unknown
$419,265
$9,357
2020$unknown + $unknown
$381,150
$8,158
2019$unknown + $unknown
$346,500
$7,558
2018$176,150 + $138,850
$315,000
$6,840
2017$170,929 + $129,071
$300,000
$6,526
2016$unknown + $unknown
$268,000
$5,982
2015$unknown + $unknown
$250,000
$5,696
2014$unknown + $unknown
$244,200
$5,586
2013$unknown + $unknown
$225,000
$5,199
2012$unknown + $unknown
$220,000
$5,081
2011$unknown + $unknown
$225,000
$4,947
2010$unknown + $unknown
$255,000
$5,536
2009$unknown + $unknown
$285,000
$6,208
2008$unknown + $unknown
$320,000
$6,894
2007$unknown + $unknown
$330,000
$6,986

Listed 2024-02-19
$1,300,000
StellarMLS
Sold 2021-02-18
$888,000
StellarMLS
Sold 1996-08-23
$119,300
Public Record
Sold 1995-06-14
$63,300
Public Record
Sold 1995-06-13
$63,300
Public Record
Sold 1992-12-09
$85,000
Public Record
Sold 1986-06-19
$116,000
Public Record

Total Square Feet Living: 4559
Year Built: 1926
Building Area Source: Public Records
Building Area Total: 5684
Construction Materials: Wood Frame, Wood Siding
Foundation Details: Concrete Perimeter
Property Age: 98
Property Condition: Completed
Roof: Shingle

Sewer: Public Sewer
BB/HS Internet Available
Cable Connected
Electricity Connected
Natural Gas Connected
Sewer Connected
Street Lights
Water - Multiple Meters
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.