$525,000
$520,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
2,040 SqFt
SOLD DATE : 06/30/2020
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $257
Subdivision Virginia Heights
MLS Listing ID U8080102
Sold Date 06/30/20
Construction Status Inspections
HOA Y/N No
Year Built 1949
Annual Tax Amount $1,351
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 42x135
Property Description
You’ve not seen a property like this one in St Pete! Yearly income from this property could reach $58,000 - two out of three units already rented! Live in one house and rent out the others, rent all three for serious income potential (8-9% CAP rate) or use for multi-generational living. Here’s an incredible property in Magnolia Heights neighborhood. The incredible, large garden grounds include mature fruit plants; a cocktail tree (which produces 5 citrus fruits), pineapple, banana, mango, along with many orchids and aloe, all of which are easily maintained using the well supplied irrigation system and various garden areas. An arborist’s dream! Two structures have been completely updated with new roofs, new appliances, new floors, new cabinets, new bathrooms, and more. The 1/1 apartment, with new mini-split systems, has an over-sized two garage space and is currently rented for $1500. The 2/1 on the front right is currently occupied with lease expiring in August. The back left house can be rented for $1800 but is currently unoccupied in case a new owner wants to take occupancy. This listing is for two side-by-side lots containing 3 structures. The Tax ID for the 2nd property is 12-31-16-94428-001-0080. SALE PRICE INCLUDES ADJOINING PROPERTY-1517 35th Ave N. Don’t miss out on this truly unique property in the heart of St Pete!
Location
State FL
County Pinellas
Community Virginia Heights
Direction N
Rooms
Other Rooms Inside Utility
Interior
Interior Features Built-in Features
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace false
Appliance Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry In Garage, In Kitchen
Exterior
Exterior Feature Fence, Irrigation System
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Sprinkler Well
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with KELLER WILLIAMS TAMPA CENTRAL