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Gelfand Realty Miami Properties - Multi Family

1245 & 1247 22ND S, ST PETERSBURG, FL 33705

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Multi Family - OAK GROVE SUB

1245 & 1247 22ND S, ST PETERSBURG, FL 33705

Sold Price$127,500 Asking Price$145,000

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  • Days on market:

    102 day(s)
  • Original Price:

    $165,000
  • Price per sqft:

    $139.96
  • Tax Legal Description:

    OAK GROVE SUB LOT 1
  • Tax Year:

    2016
  • Property Type:

    Multi Family
  • Parking:

    None GuestCircular Driveway Open Parking PadBoat
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    StuccoBlock
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    ElectricWall Units / Window Unit
  • Floor Description:

    Terrazzo
  • Interior Features:

    AtticCeiling Fan(s) Eating Space In Kitchen Living Room/Dining Room Combo
  • Equipment/Appliances:

    RefrigeratorElectric Water Heater Range
  • Special Listing Conditions:

    None
  • Lot Features:

    SidewalkCity Lot Near Public Transit Level

Description

$145,000 • living size area 1036 sqft

Mid century duplex with great income! 9.12% capitalization rate! this block duplex with two one bedroom/one bath units has undergone a complete remodel and restoration. the building was built in 1957 and has many cool "mid-centry modern" features. whenever possible, these features were restored, including the original terrazzo flooring, tile kitchen countertops and backsplash, really cool vintage seafoam green patterned tile counter on the kitchen island/bar, a fold down wall unit dining table (awesome!), original bathroom shower tile and the original solid wood kitchen cabinetry. new features include refrigerators, kitchen sinks and faucets, cabinet hardware and door knobs, ceiling fixtures and ceiling fans, bathroom lighting, bathroom vanities, kohler low flow toilets, all interior paint, interior doors, lg reverse cycle dual ac/heat units, all exterior paint, steel exterior doors, all exterior lighting and landscaping. the roof is in great shape. the building features rear alley access which terminates at this lot, giving an abundance of parking or outbuilding possibilities. the duplex is only 5 blocks from lake maggiore and its popular park, 6 blocks to bartlett park and st. pete tennis center, and 12 blocks to the beach at lassing park and tampa bay. boyd hill nature preserve and downtown st. pete are both less that 20 blocks away. tenants are well screened and pay their own electric. landlord pays sewer/water/trash. see attached income statement.

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