2220 7TH ST S St Petersburg, FL 33705
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,107 sqft
Price per Sqft $325
Subdivision Harbordale Sub
MLS Listing ID TB8425755
Bedrooms 2
HOA Y/N No
Year Built 1947
Annual Tax Amount $3,289
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x100
Property Sub-Type Duplex
Source Stellar MLS
Property Description
This duplex offers a 15percent gross rent return (11percent net). Currently generating $3,000 monthly ($36,000 annually) with both units rented at $1,500 each, and estimated expenses of $650/month ($7,800 annually). This results in a solid Net Operating Income (NOI) of $28,200 annually.
With an estimated Cap Rate between 8–9percent, this property presents an excellent investment opportunity in the growing St. Petersburg market.
Both units have been fully remodeled, making them move-in ready or ideal for immediate rental.
Contact me today to schedule a private showing and secure this investment opportunity.
Location
State FL
County Pinellas
Community Harbordale Sub
Area 33705 - St Pete
Direction S
Interior
Interior Features Solid Surface Counters
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Balcony, Dog Run, Private Mailbox
Parking Features Curb Parking, Driveway
Garage Spaces 2.0
Utilities Available Public
Roof Type Shingle
Attached Garage false
Garage true
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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