3038 25TH STREET N , ST PETERSBURG FL 33713 US

Excellent opportunity to own a fully occupied rental property with outstanding rental income history. Property consist of one block single family home (2BR/1BA @ $995/month), one duplex (2 2BR/1BA @ $1350/month total) and one oversized 4-bay garage which brings in additional rental income ...

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Realty Executives Adamo & Associates
8200 Seminole Boulevard
Seminole, FL, US 33772
727-395-9492

Active

3038 25TH STREET N
ST PETERSBURG FL 33713 US

Video/Virtual Tour

2,221 sqft

#T2905486

Courtesy of: Derek Erlandson, BHHS FLORIDA PROPERTIES GROUP

$284,000

3038 25TH STREET N Excellent opportunity to own a fully occupied rental property with outstanding rental income history. Property consist of one block single family home (2BR/1BA @ $995/month), one duplex (2 2BR/1BA @ $1350/month total) and one oversized 4-bay garage which brings in additional rental income ($850/month total) as well. All tenants are under month-to-month leases at discounted rental rates to the current market. Call today for additional information on this property which brings in nearly $39K gross annually at below market rental income. Estimated current market rental income approximately $45K. This equals an adjusted cap rate of 12.4 if utilizing market rental income figures. Current offering equates to a 10 cap rate. All units occupied - please do not disturb tenants.

  • Facts
  • Built in: 1961
  • Lot Size: 0.24 acre
  • Property Type: MultiFamily
  • Property Sub-type: Quadruplex
  • Features
  • Cooling System: Central A/C
  • Exterior Finish: Block, Stucco, Wood
  • Parking Type: Assigned, Garage, On Street
  • Roof Type: Composition Shingle
  • Additional Features
  • Mother In Law Suite
Listing Changed: 4/21/2018 11:58:52 PM GMT
Source Updated Date: 4/22/2018 3:20:05 AM GMT

Courtesy of: Derek Erlandson, BHHS FLORIDA PROPERTIES GROUP

Listing Source - ListHub

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