7420 5th Ave N, St. Petersburg, FL 33710

Welcome to 7420 5th Ave N a 2 story 4plex! These units are all two bedroom approximately 900 sq ft fully renovated apartments all with full kitchens, 2 full baths, A/C and

washer dryer in each unit, all with private decks. Free surface parking provided for 15 cars in private lot. We are approx. 2 miles to the beautiful beaches of Treasure Island and St. Pete Beach.

I am the owner of this property and manage it myself. I do my own maintenance and minor repairs myself, so my expenses are minimal. I don't have any mgmt./accounting system, so I put together this instead. Please call me if you have any questions.

Chris Bosetti

727-686-2690

Sales price $875,000

Actual income proforma income

Monthly / Annually Pro Forma

Apt 1 $2500 / $30,000 furnished short-term leases $3000 $36,000

Apt 2 $1800 / $21,600 long term Tenant-unfurnished $2000 $24,000

Apt 3 $2200 / $ 26,400 furnished long-term tenant $3000 $36,000

Apt 4 $1000 / $12,000 long term tenant-unfurnished $2000 $24,000 (I have not raised this tenants rent much as she was my 1^st tenant)

Total $7,500 / $86,000 $10,000 $120,000

Expenses actual proforma expenses

Annual

Maintenance $1,500 $3000

insurance $1,800 $2500

licenses $200 $ 500

repairs $1,000 $2500

taxes $8,500 $15000

utilities $6,500 $10000

Total $11,000 $33,500

NOI $75,000 $86,500

Cap rate 7.9% 9%

Apartments 1 & 3 are set up fully furnished and can be leased as short term or long-term rentals. Potential annual rental per unit is $2200 to $2500 a month. Short Term rental

potential of $3000 per month.

Apartments 2 & 4 are long term rentals. Potential rental rates per unit is $1500 to $2000 a month.

Experience the beauty of Treasure Island in St. Petersburg. This property is close to shopping, restaurants and is just a short distance to the famous Pinellas Bike Trail.

Edit Photos | Furnished Finder

Charming 2-bedroom 2 bath 1st floor Apt close to T