Multifamily | 4 Units | $262,250/unit
Marketing description
Introducing an outstanding investment opportunity: a meticulously maintained 4-unit property situated in the highly sought-after Historic Uptown St. Petersburg area. This turnkey gem boasts a prime location complete with a 2-car garage, carport, and convenient alleyway parking, providing ease of access. Ideally positioned just a brief 20-minute walk from the vibrant downtown scene, residents enjoy the perfect blend of urban convenience and suburban tranquility. With a high walkability factor, residents enjoy seamless access to an array of amenities including bars, restaurants, coffee shops, and parks in addition to access to all the major transportation arteries.
Experience the charm of the surrounding neighborhoods with ease, such as Crescent Lake, Historic Round Lake, and the esteemed Historic Old Northeast that are mere steps or a quick bike ride away. For beach enthusiasts, there are an abundance of sun-drenched shores just a short drive from your doorstep.
Upon arrival, you and your guests will be impressed by the impeccably landscaped exterior, featuring new turf, stones, path lights, stylish outdoor furniture, and a convenient pet relief stand. The large garage, currently utilized for storage, provides ample space for kayaks, beach gear, and more, enhancing your coastal lifestyle. This one-of-a-kind property comprises two studio units, one 1-bedroom 1-bath unit, and one 2-bedroom 1-bath unit, each meticulously renovated and all with private access. With new renovations throughout, no detail has been overlooked, ensuring a seamless living experience for tenants. Don’t miss out on this unparalleled investment opportunity, perfect for both short- and long-term rentals. Create unforgettable memories in a property where every detail has been thoughtfully curated for the ultimate comfort and convenience.
Investment highlights
PROPERTY HIGHLIGHTS
Turn-key investment property
Start cash flowing immediately
Steps away from Downtown St. Petersburg
Close to all the restaurants and entertainment that St Pete has to offer
Two units fully furnished with leases in place until May 2024
Two units unfurnished with leases in place until February 2025
Exterior includes brand new paint, gutters, French drain, smart locks, lights, cameras, furniture, and pet relief stand ($32,000 value)
Landscaping includes brand new turf, stones, rocks, and exterior path lights ($18,000 value)
New electrical throughout
New windows throughout
Newer roof and gutters
Exterior freshly painted
New smart lock/door knobs
All four units have been completely remodeled on the interior (~$55,000 value)
Beautiful new landscaping and dog run area with new turf
The single-family home has 2 bedrooms and 1 bath over a 2 car garage
The detached triplex includes 2 studio apartments and a 2 bedroom 1 bath
Private yard space
Ally access
Ample parking
Separate electric meters
COMPREHENSIVE LIST OF IMPROVEMENTS
Building/Landscaping
Exterior of building freshly painted
Brand new roof
Attic restoration including new insulation and pest control
New impact energy efficient windows
New gutters and French drain
Installation of security features, including smart locks and cameras
Porch foundation recently repaired
New exterior lights installed
New exterior furniture and pet relief stand
Mechanical/Electrical/Plumbing
All new electrical backbone in all four units
Updated circuits/breakers
Installation of Smart AC
Main Interiors
New interior paint throughout
New furnishings and decorations in two of the four units
New flooring and trim throughout
New light fixtures and fans throughout
Kitchens
Completely upgraded kitchen in Unit 1
Brand new dishwasher in Unit 1/2
Bathrooms
Completely renovated bathroom in Unit 1 and Unit 2
New shower, tub, and tile in Unit 1/2
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