th Ave N Apt A Saint Petersburg FL 33714

Description

2020.

Welcome to this incredible Multi-Family rent to own property located in the heart of Saint Petersburg, FL. This 5 bedrooms, 4 baths home boasts 1776 SqFt of living space and was built in 1940.

This is an amazing opportunity for income with long time, existing and good paying tenants in place! Tenants all pay their own electric and are metered separately, there is also an additional electric meter if you are interested in adding another unit (this is a double lot and apparently can accommodate an additional unit). Owner pays the water bill (all units are on one meter), the average water bill monthly is $140-$150.

Don’t miss out on this great opportunity as the owner has replaced all three roofs in 2020, put new electric in each unit, new hot water heaters, new AC and ductwork in two units and is willing to replace third AC with an acceptable offer but unit works fine. Two units (A&B) feature updated showers/bath, and kitchens, all a have had new tile flooring installed since ownership, when flooring was installed the owner also firmed up sub flooring.

Current owner may be removing a few small fruit trees from property prior to closing. Current monthly rents are:Unit A is a 2/1 rented for $700 monthly (on a month to month basis) (tenant has been in place for about 7 months)Unit B is a 2/2 rented for $900 monthly (on a month to month lease) (tenant has been in place for over 3 years)Unit C is a 1/1 rented for $700 monthly with Section 8 lease in place through September 30th 2022 (tenant has been in place for over 5 years).

This rent to own property is a must see! You will be able to appreciate the owner’s attention to detail and the updates that have been done to the property. Don’t miss out on this amazing opportunity. Contact us today to schedule a visit!