135 7th Ave NE - Apartments FOR SALE


Saint Petersburg, FL 33701- Old Northeast
$1,260,000 USD
727-308-9210
135 7th Ave NE, Saint Petersburg, FL for Sale
$1,260,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

135 7th Ave NE
Saint Petersburg, FL 33701
Old Northeast


HIGHLIGHTS

  • A six unit Old Northeast Multifamily property with a 3/2 main house, fenced in private pool, five 1/1’s, four garage units, and shared laundry
  • Updated units with new bathrooms, mostly new kitchens, mostly new windows, updated electric, and updated duct work
  • Located within easy walking distance of Downtown St. Pete, The Vinoy, The St. Pete Pier, Beach Drive, and North Shore Park
  • Four garage bays with rear alley access. Two are rented to tenants, one is used for shared laundry, and one is used as storage for property manager
  • Full electrical rewire completed in the main house by ownership, along with routine appliance replacement and regular interior and exterior upkeep
  • Owner-occupant option: live in the 3/2 main house with private pool while the remaining five units carry the property

OVERVIEW

135 7th Ave NE is far from your typical multifamily investment. This Historic Old Northeast property consists of an oversized lot, three buildings with a shared courtyard, four garage spaces, and a private, fenced-in pool. The Main House holds a large 3/2 and two 1/1s. The two buildings out back contain shared laundry, two rented garage spaces, a garage space used for storage, and three 1/1s. Ownership has put a substantial amount of work into the property, including rewiring the electric, upgrading every bathroom, new windows in the main house, replacing appliances routinely, and regular and routine maintenance and upgrades on the interior and exterior. 135 7th Ave NE will work perfectly for an investor looking for cash flowing assets with exceptionally high long term appreciation potential, or an investor who is interested in living in a well maintained 3/2 with a pool while renting out the remaining five units for passive income.

FOR SALE DETAILS

PRICE

$1,260,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

6

PRICE/UNIT

$210,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RMF

APN/PARCEL ID

18-31-17-78732-000-0090

ASK ABOUT THIS PROPERTY

Davis NunneleyBridgewater Commercial Real EstateMore Info
727-308-9210

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Davis NunneleyBridgewater Commercial Real EstateMore Info
727-308-9210

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.