6332 29th Street N
ST PETERSBURG, FL 33702

Description

Incredible income property! Priced below appraised value. Triplex fully rented. Buy now and make money immediately. Vacant lot next door is also for sale for $50,000 and zoning permits a duplex MLS# U8045834 Property has a great rental history, sits in the heart of Pinellas county, convenient location close to shopping and restaurant. Easy access to Downtown St. Pete and Tampa. Numbers dont lie, this is a money maker. Lot size is 45 by 100 feet. Property is NOT in a flood zone. Apartment East (one side of duplex; 1 bedroom): $682 current; to be increased to $850 Apartment West (other side of duplex; 1 bedroom): $682 current; increase schedule: increases by $29 every second month for current tenant until $798/month is reached. (vacant as of 7/1/19) Apartment 3W (separate house; 2 bedroom): $850 current; increase schedule: increases by $50 every second month for current tenant until $1,050/month is reached. (vacant as of 7/1/19) Currently a gross income (while all units were leased) of $26,784 per year. Taxes, Utility bill and repairs add up to $6,500 is expenses for a net income of $21,000 Long term tenants Apartment 1E, started renting on October 27, 2012. Apartment 2W, started renting on February 1, 2013. Vacant as of 7/1/19 so it would be easy to show Apartment 3W, started renting on June 1, 2014. Vacant as of 7/1/19 so it would be easy to show

Details

MLS#U8045830
Sub-TypeResale
StatusActive
Year1940
Days On Site63

Features

SQ Feet1,452
Units3
Building(s)2

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Area Information

StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33702
Area33702 - St Pete
Listing VS Median (in 33702)
Price:
$219,900
low | high
Med:
$199,950
59.072305593452% of Average
SqFt:
1,452
low | high
Med:
1,109
73.62258953168% of Average
$ / SqFt:
$151
low | high
Med:
$183
29.494411273599% of Average
On Site:
63
low | high
Med:
51.5
100% of Average
Listing Updated: 07/16/2019
MLS Number: U8045830
Listing Provided By:
Anne Hensel  of  SOUTH BEACHES REAL ESTATE

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