Homes for sale - 1757 RUSSELL ST S, Saint Petersburg, FL 33712

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Edward Gibbs

egibbs22@gmail.com +1(813) 785-4002

$ 749,000

Est. payment -/mo

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Price Dropped by $50K

1757 RUSSELL ST S Saint Petersburg, FL 33712

8 Beds

4 Baths

2,500 SqFt

UPDATED:

11/12/2024 08:37 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $299

Subdivision La Plaza Add

MLS Listing ID TB8318076

Bedrooms 8

HOA Y/N No

Originating Board Stellar MLS

Year Built 1962

Annual Tax Amount $4,702

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 82x80

Property Description

**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. 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!

Location

State FL

County Pinellas

Community La Plaza Add

Direction S

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Fireplace false

Laundry Other

Exterior

Exterior Feature Sidewalk

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Waterfront false

Roof Type Built-Up,Membrane

Garage false

Private Pool No

Building

Lot Description City Limits, Level, Near Public Transit, Oversized Lot, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition None

Listed by INSTA REAL ESTATE SOLUTIONS

Edward Gibbs

Agent | License ID: 3499381

+1(813) 785-4002

Edward Gibbs

Edward Gibbs

1757 RUSSELL ST S Saint Petersburg, FL 33712

Key Details

Location

Interior

Exterior

Building

Others

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