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Gelfand Realty Miami Properties - Multi Family

7301 8TH N, ST PETERSBURG, FL 33702

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Multi Family - GLENSIDE SUB

7301 8TH N, ST PETERSBURG, FL 33702

Sold Price$332,000 Asking Price$354,000

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  • Days on market:

    14 day(s)
  • Original Price:

    $359,000
  • Price per sqft:

    $186.22
  • Tax Legal Description:

    GLENSIDE SUB BLK 2, LOT 1
  • Tax Year:

    2019
  • Property Type:

    Multi Family
  • Carport Spaces:

    2
  • Parking:

    Covered Parking PadBoat
  • Elementary School:

    Lynch Elementary-PN
  • Senior High School:

    Northeast High-PN
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    LaminateCeramic Tile Engineered Hardwood
  • Interior Features:

    Ceiling Fan(s) Eating Space In Kitchen Window Treatments
  • Exterior Features:

    Fenced
  • Equipment/Appliances:

    MicrowaveRefrigeratorWasherElectric Water Heater Range Range Hood
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot SidewalkCity Lot Near Public Transit FloodZone

Description

$354,000 • living size area 1901 sqft

Investors delight! large fossil park duplex! the highly sought after fossil park neighborhood and it's duplexes rarely come to market. your chance to purchase this recently updated and well maintained income producing duplex in desirable northeast st petersburg is here. priced at a profitable 8% cap rate, with immediate upside potential to 8.5%!!! located just minutes from downtown st pete, craft kitchen restaurants, retail, the usf st pete campus and walking distance to the northeast trail. options and opportunities await you! live in one unit while enjoying rental income from the other, or lease both units and yield an 8-9% cap rate! the smaller unit currently has a 12 month lease at $1,400.00/month and does not expire until april 2021. the larger unit is vacant and can rent for $1,600-$1,700/month. this is one of the largest duplexes in the fossil park area and is situated on an oversized corner lot. both sides feature plenty of space with three (3) bedrooms and one (1) bath, covered carport parking, private laundry room(s), ample storage, updated kitchens and bathrooms, new paint, updated landscaping, new water heaters and a new hvac. enjoy a comfortable morning or evening from the privacy of a newly fenced in back yard. have a boat or rv? there's even a large parking pad for either of those as well. as cities and states begin to open and the housing market heats up, don't delay. move in, or put your money to work for you and make income while you sleep before summer!

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