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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

2220 7TH S, ST PETERSBURG, FL 33705

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Multi Family 2 bedrooms - HARBORDALE SUB for Sale

2220 7TH S, ST PETERSBURG, FL 33705

Asking Price$359,900

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  • Days on market:

    1 day(s)

  • Original Price:

    $359,900

  • Price per sqft:

    $325.11

  • Tax Legal Description:

    HARBORDALE SUB N 60FT OF LOTS 151 AND 152

  • Tax Year:

    2024

  • Property Type:

    Multi Family

  • Parking:

    DrivewayCurb Parking

  • Construction Type:

    Wood Frame

  • Roof:

    Shingle

  • Cooling Description:

    Wall/Window Unit(s)

  • Heating Description:

    Baseboard

  • Floor Description:

    Hardwood

  • Interior Features:

    Solid Surface Counters

  • Exterior Features:

    BalconyDog RunPrivate Mailbox

  • Equipment/Appliances:

    RefrigeratorElectric Water Heater Range

  • Special Listing Conditions:

    None

Description

$359,900 • two bedroom(s) • living size area 1107 sqft

Investment opportunity – st. petersburg duplex 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.

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