Property Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CA REQUIRED FOR ADDITIONAL INFORMATION *This is an income producing property* Well-established single-family home with an ADU in St Petersburg with a projected $94,745 of Net Operating Income on existing leases in the NTM. Many leases are below market w/ significant rent growth available upon turnover. The property had a full gut renovations in 2021 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, pavers and flooring. This property has higher end finishes and have been built to last. This property is located in an area with significant new development activity, and is zoned in the new zoning district NTM-1. This property is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction. Potential buyers must prove financial ability to close and be familiar with valuing property based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $350k of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Features
: Central, Electric, Wall Units / Window Unit, Gas
: Central Air, Mini-Split Unit(s)
: Wood, Fenced
: Driveway, Parking Pad
: Lighting, Courtyard, Outdoor Shower
: Wood
: Thermostat, Living Room/Dining Room Combo
: Laundry Room, Gas Dryer Hookup, Washer Hookup
: Public Sewer
: Public, Electricity Available, Sewer Available, Water Available, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected, BB/HS Internet Available, Street Lights, Solar
: Blinds
Appliances
: Range, Refrigerator, Washer, Dryer, Microwave, Disposal, Water Softener, Gas Water Heater
Address Map
US
FL
Pinellas
St Petersburg
CENTRAL PARK REV
33713
1ST
4761
AVENUE
South
head south on US-19, make right on 1st Ave N, and then house will be on right side of the street between 47th St and 48th St
33713 - St Pete
N
NTM-1
Neighborhood
Northwest Elementary-PN
Boca Ciega High-PN
Azalea Middle-PN
Additional Information
: Public
1150000
2024-01-26
: Two
: Crawlspace
: Wood Frame
3544
Financial
8539
Listing Information
285514934
260033892
Cash,Conventional,Owner Financing
Expired
2025-01-24T05:14:07Z
Stellar
: None
2025-01-24T05:12:43Z
Residential For Sale
4761 1st N Avenue, St Petersburg, Florida 33713
8 Bedrooms
5 Bathrooms
2,515
$1,100,000
Listing ID #W7861395
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : W7861395
Price : $1,100,000
Bedrooms : 8
Bathrooms : 5
Square Footage : 2,515
Year Built : 1925
Lot Area : 0.15 Acre
Full Bathrooms : 5
Property Sub Type : Single Family Residence
Roof : Shingle
Agent info
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