$975,000 • living size area 3409 sqft • waterfront access

10% cap rate!!! foundation repairs completed!!! additional waterfront lot included!!! zero damage from either hurricane!!! phenomenal multi unit investment opportunity with 6 units priced for an immediate sale in a great st. pete neighborhood with 135ft of water frontage!!!! fully occupied cash generating investment property and all tenants are on month to month agreements!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. current rents are as follows: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 total: $8,950 per month and $107,400 total income per year!!! expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. taxes $6,800 annually and insurance $4,103 annually, never flooded in the last 20 years! total expenses annually : $15,031 net annual profit roughly: $92,368!!! opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as adu type building. upgraded plumbing 4 years ago upgraded electrical 4 years ago air condition 4 years old central air. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

Multi Family - ST. PETE for Sale

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