Property Description
**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property’s profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don’t miss out on this amazing opportunity!
Features
- Heating System:
- Central
- Cooling System:
- Central Air
- Exterior Features:
- Sidewalk
- Flooring:
- Tile
- Interior Features:
- Other
- Laundry Features:
- Other
- Sewer:
- Public Sewer
- Utilities:
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Address Map
- Country:
- US
- State:
- FL
- County:
- Pinellas
- City:
- St Petersburg
- Subdivision:
- LA PLAZA ADD
- Zipcode:
- 33712
- Street:
- RUSSELL
- Street Number:
- 1757
- Street Suffix:
- STREET
- Longitude:
- W83° 20' 29.6''
- Latitude:
- N27° 45' 10.5''
- Directions:
- Here are the turn-by-turn directions from I-275 to 1757 Russell St, St. Petersburg, Florida: 1. **Start on I-275 South**: If you're coming from the north, merge onto I-275 South toward St. Petersburg. 2. **Take Exit 23 for 22nd Ave N (FL-694)**: After approximately 17 miles, take exit 23 toward 22nd Ave N. 3. **Turn Left onto 22nd Ave N**: At the end of the exit ramp, turn left onto 22nd Ave N. 4. **Continue on 22nd Ave N**: Stay on 22nd Ave N for about 3 miles. 5. **Turn Right onto 34th St N (US-19)**: After passing through the intersection with 4th St N, turn right onto 34th St N (US-19). 6. **Turn Left onto 16th Ave N**: After about 1 mile, turn left onto 16th Ave N. 7. **Turn Right onto Russell St N**: Continue for a short distance, then turn right onto Russell St N. 8. **Arrive at 1757 Russell St**: Your destination, 1757 Russell St, will be on your right. Make sure to check for any road closures or detours that may affect your route. Safe travels!
- Mls Area Major:
- 33712 - St Pete
- Street Dir Suffix:
- S
Additional Information
- Lot Size Dimensions:
- 82x80
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/TB8318076
- Previous Price:
- 698000
- On Market Date:
- 2024-11-05
- Number Of Units Total:
- 4
- Lot Features:
- Paved, Level, City Limits, Oversized Lot, Near Public Transit
- Levels:
- One
- Foundation Details:
- Slab
- Construction Materials:
- Block, Concrete
- Building Size:
- 2796
Financial
- Tax Annual Amount:
- 7004
Listing Information
- List Agent Mls Id:
- 261554241
- List Office Mls Id:
- 261559124
- Listing Term:
- Cash,Conventional,Private Financing Available
- Mls Status:
- Withdrawn
- Modification Timestamp:
- 2025-02-25T19:59:07Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2025-02-25T19:07:11Z
Residential Income For Sale
1757 Russell St S, Saint Petersburg, Florida 33712
8 Bedrooms
4 Bathrooms
2,500 Sqft
$695,000
Listing ID #TB8318076
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- TB8318076
- Price :
- $695,000
- Bedrooms :
- 8
- Bathrooms :
- 4
- Square Footage :
- 2,500 Sqft
- Year Built :
- 1962
- Lot Area :
- 0.15 Acre
- Property Sub Type :
- Quadruplex
- Roof:
- Built-Up, Membrane
