About 1405 7th Avenue N
This meticulously renovated 4-unit multi-family property in the highly sought-after Uptown neighborhood of St. Petersburg is the perfect turnkey investment opportunity. Combining historic charm with modern amenities, this fully-leased quadplex generates an impressive $6,082 in monthly rental income and a Net Operating Income (NOI) of $47,468.76 in 2024, delivering a solid 5% cap rate. With strong cash flow and minimal immediate capital expenditure, this property is poised to provide consistent returns and long-term value appreciation. Each of the four units has been tastefully updated with modern finishes, ensuring tenant satisfaction and low maintenance costs. The property features individual electric meters for all units, simplifying management and making utility expenses predictable. Currently, Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with nine months remaining on the lease. Unit 2, located on the second floor, is a studio with a separate kitchen and private bathroom, renting for $1,507 per month with an anticipated renewal at $1,600 per month. Unit 3, also on the second floor, is another studio with a private bathroom, renting for $1,600 per month with eight months remaining on the lease. Unit 4, a ground-floor studio with a full kitchen and private bathroom, rents for $1,275 per month, also with eight months remaining. This 2-story building, built in 1928, boasts timeless architectural character while offering tenants convenient on-site parking and close proximity to Downtown St. Petersburg’s vibrant dining, shopping, and entertainment scene. Its location in the Uptown neighborhood ensures strong rental demand, low vacancy rates, and potential for future rent increases. The total annual gross income for 2024 is $72,984, with room to enhance profitability through modest rent adjustments as leases renew. For investors, this property offers an excellent combination of reliable cash flow, a solid NOI, and long-term appreciation potential. With individual electric meters and a history of meticulous upkeep, property management is streamlined, allowing for a stress-free ownership experience. Financial details, including lease terms and expense breakdowns, are available upon request to help prospective buyers conduct thorough due diligence. Opportunities like this are rare in St. Petersburg’s thriving real estate market. Don’t miss your chance to own a high-performing, fully-leased quadplex in a location that continues to grow in value and appeal. Schedule your private showing today and secure your stake in one of Florida’s most dynamic rental markets!
Residential home for sale in ST PETERSBURG, FL at 1405 7th Avenue N. This 4 bedroom Residential home is priced at $573/sqft
Features of 1405 7th Avenue N
MLS® # | U8245876 |
---|---|
Price | $949,000 |
Bedrooms | 4 |
Bathrooms | 4.00 |
Full Baths | 4 |
Square Footage | 1,656 |
Acres | 0.05 |
Year Built | 1928 |
Type | Residential |
Sub-Type | Single Family Residence |
Status | Active |
Community Information: St Petersburg
Address | 1405 7th Avenue N |
---|---|
Area | St Pete |
Subdivision | BON AIR |
City | ST PETERSBURG |
County | Pinellas |
State | FL |
Zip Code | 33705 |
Amenities of 1405 7th Avenue N
Is Waterfront | No |
---|---|
Has Pool | No |
Senior Community | No |
Interior of 1405 7th Avenue N
Interior Features | Ceiling Fans(s), Open Floorplan |
---|---|
Appliances | Electric Water Heater, Microwave, Range, Range Hood, Refrigerator |
Heating | Electric |
Cooling | Central Air, Wall/Window Unit(s) |
Fireplace | No |
# of Stories | 2 |
Exterior of 1405 7th Avenue N
Exterior Features | Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk |
---|---|
Roof | Shingle |
Foundation | Concrete Perimeter |
Additional Information On 1405 7th Avenue N
Date Listed | June 14th, 2024 |
---|---|
Days on Market | 238 |
Flood Zone Code | X |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Details
Office | 3 POINT REAL ESTATE SOLUTION |
---|
Map To 1405 7th Avenue N, ST PETERSBURG
Request a Showing
Similar Pages
- St. Petersburg Luxury Homes For Sale
- St. Petersburg
- ONE St. Petersburg
- St. Petersburg Real Estate
- St. Petersburg Florida Homes For Sale
- St. Petersburg New Construction Homes For Sale
- St. Petersburg New Construction Condos For Sale
- St. Petersburg Condos For Sale
- Downtown Luxury Condos For Sale in St. Petersburg, FL
- Historic Old Northeast St Petersburg
- Downtown St Petersburg Condos
- Downtown St Petersburg