487 36th Avenue N
St Petersburg, Florida 33704
MLS #T2871421

Multi-Family
  • 3units
$220,000
Est. P&I payment: $840.25/mo
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Description for 487 36th Avenue N, St Petersburg, Florida 33704
HUGE INVESTMENT opportunity in the HEART OF ST. PETE! Looking for a CASH COW property that PAYS FOR ITSELF? Well, look no further! This HIGH-YIELDING property consists of a main 2 bedroom, 1 bathroom home, which features a newly landscaped front yard, charming screened-in front porch, spacious living room, renovated kitchen with wood cabinets and granite counters, tile throughout for easy maintenance, an enclosed Florida Room in the rear and a side covered patio off the kitchen. Out back, you’ll find the DETATCHED APARTMENT/mother-in-law suite. This space is divided into 2 rental properties- 1 bedroom/1bath apartment and a Studio apartment. Apartments are BLOCK and feature tile floors and a brand NEW ROOF! The beauty of this property is the flexibility and POTENTIAL it provides. All 3 spaces are tenant occupied. So, everything is already in place for you to just sit back and COLLECT RENT ($2500/mo. to be exact)! CAP RATE OF 9.4%! Another option in the future could be to live in the main house and rent out the apartment spaces to supplement your mortgage. Currently, the 2 apartments bring in over $1,000 per month! Don’t let this RARE opportunity in one of the HOTTEST St. Pete neighborhoods pass you by! Conveniently located minutes to Downtown St. Pete, I275, Beaches, Tropicana Field and only blocks from all the new trendy bars/restaurants the 4th Street district has to offer! Schedule your showing today as this one will be gone soon! Move-In Ready and PRICED TO SELL!!
MLS #T2871421
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My Notes for MLS #T2871421

General Features

  • Property Type: Income
  • Property Style: Duplex
  • Lot Num: 18
  • Number Of Efficiencies: 1
  • Special Listing Type: Not Applicable
  • Special Sale Provision: None
  • Year Built: 1953
  • Total Num Buildings: 2
  • Total Units: 3

Exterior Features

  • Architectural Style: Bungalow
  • Exterior Construction: Wood Frame
  • Exterior Features: Detached In-Law Apt,​Mature Landscaping,​Patio/Porch/Deck Covered,​Patio/Porch/Deck Screened,​Rental Apartment,​Sliding Doors,​Storage,​Trees/Landscaped
  • Front Exposure: South
  • Roof: Shingle
  • Total Acreage: Up to 10,​889 Sq. Ft.
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5,632
  • Lot Dimensions: 45x127
  • Garage Carport: None
  • Garage Features: None
  • Pool: None

Interior Features

  • Floor Covering: Ceramic Tile
  • Interior Features: Blinds/Shades,​Smoke Alarm(S),​Washer/Dryer Hookup
  • Interior Layout: Eating Space In Kitchen,​Living Room/Dining Room Combo
  • Sq Ft Heated: 1,360
  • Square Foot Source: Public Records
  • Num 1 Bed 1 Bath: 1
  • Num 2 Bed 1 Bath: 1

Utility Features

  • Utilities: Electric,​Public Sewer,​Public Utilities,​Street Lights
  • Air Conditioning: Central,​Wall Units/Window
  • Appliances Included: Dishwasher,​Range,​Refrigerator
  • Heating and Fuel: Central,​Wall Units / Window Unit

Financial Features

  • Taxes: 3,001
  • Tax Year: 2016
  • HOA Common Assn: None
  • Annual Expenses: 10,000
  • Annual Gross Income: 30,300
  • Annual Net Income: 20,400
  • Avg Rent Efficiency: 400
  • Avg Rent 1 Bed 1 Bath: 650
  • Avg Rent 2 Bed 1 Bath: 1,075
  • Lease Terms: 1 to 2 Years,​Tenant Pays Electric,​Tenant Pays Water
  • Financing Available: Cash,​Conventional

Community Features

  • County: Pinellas
  • Township: 31
  • Legal Subdivision Name: BRIDGEWAY ADD
  • Location: Street Paved
  • Housing For Older Persons: N/A

School Features

  • Elementary School: John M Sexton Elementary-PN
  • Middle School: Meadowlawn Middle-PN
  • High School: St. Petersburg High-PN

Miscellaneous Features

  • Legal Description: BRIDGEWAY ADD BLK C,​ LOT 18
  • Block Parcel: C
  • Parcel Number: 07-31-17-11376-003-0180
  • Plat Book Page: 6-54
  • Flood Zone Code: X
  • Range: 17

Location

 
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Directions to 487 36th Avenue N, St Petersburg, Florida 33704
From I275 South, take 38th Ave N exit and head East; then head South on 5th St. North; take left on 36th Ave N, house will be on left
The listing information for 487 36th Avenue N, St Petersburg, Florida 33704 was graciously provided by our friends at the listing brokerage, BHHS Florida Properties Group

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P&I Payment $840.25
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Realty Professionals of Florida's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Realty Professionals of Florida, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing data provided by MFRMLS (My Florida Regional MLS)
Last Updated 08/20/2017 at 5:29am
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