UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,944 sqft
Price per Sqft $297
Subdivision Washington Heights
MLS Listing ID TB8507567
Bedrooms 3
HOA Y/N No
Year Built 1949
Annual Tax Amount $7,996
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x125
Property Sub-Type Triplex
Source Stellar MLS
Property Description
LOCATION, LOCATION, LOCATION! Investors, take notice! This charming, well-maintained BLOCK CONSTRUCTION TRIPLEX is priced to sell and perfectly positioned just minutes from vibrant Downtown St. Petersburg, beautiful Gulf Beaches, restaurants, shopping, entertainment, and everything that makes this area so desirable!
THREE UNITS, ONE INCREDIBLE OPPORTUNITY! Whether you're an experienced investor looking to expand your portfolio or a buyer interested in living in one unit while collecting rental income from the others, this property offers outstanding flexibility and income potential!
MAJOR UPDATES ALREADY COMPLETED! Since 2019, the property has benefited from numerous improvements, including remodeled kitchens, updated appliances, newer windows, fresh interior paint, washer and dryer hookups, and more! HVAC replaced in 2017.
UNITS A & B: Two spacious 1-bedroom, 1-bathroom residences located at the front of the property, featuring a charming covered front porch, beautiful architectural details, coved ceilings, and classic arched doorways that preserve the character of this 1949 property. Unit A showcases original hardwood flooring, while Unit B features durable ceramic tile flooring.
UNIT C: Converted in 2019, this attractive rear studio apartment offers a comfortable living and sleeping area, eat-in kitchen, full bathroom, and convenient alley access.
Situated on a desirable CORNER LOT, the property also offers ON-SITE PARKING and additional shared tenant storage in the remaining garage space.
EXCELLENT RENTAL INCOME POTENTIAL!
Unit A: Projected market rent of $2,000/month.
Unit B: Currently rented for $1,600/month on a month-to-month lease, with projected market rent of $2,000/month.
Unit C: Currently vacant, with projected market rent of $1,700/month.
POTENTIAL GROSS RENTAL INCOME OF $5,700 PER MONTH OR $68,400 ANNUALLY AT PROJECTED MARKET RENTS!
PRICED TO SELL AND READY FOR ITS NEXT OWNER! With solid block construction, extensive updates, charming architectural details, three separate living spaces, and an unbeatable location near Downtown St. Petersburg, this property represents an exciting opportunity to invest in one of Tampa Bay's most desirable markets.
Location
State FL
County Pinellas
Community Washington Heights
Area 33704 - St Pete/Euclid
Direction N
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Stone Counters, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Wood
Furnishings Partially
Fireplace false
Appliance Electric Water Heater, Microwave, Range, Refrigerator
Laundry Inside, Laundry Room
Exterior
Exterior Feature Fence, Private Entrance, Sprinkler Metered, Storage
Parking Features Driveway, Off Street, On Street, Open
Community Features Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected
View Y/N No
Water Access No
Roof Type Shingle
Porch Covered, Front Porch, Patio, Side Porch
Garage false
Private Pool No
Building
Lot Description Corner Lot, City Limits, Sidewalk, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Woodlawn Elementary-Pn
Middle Schools Meadowlawn Middle-Pn
High Schools St. Petersburg High-Pn
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/bbd0e0e6-ec4e-4a98-95ef-9ec3ad91f169?wl=true&setAttribution=mls&initialViewType=pano
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