608 Highland St N - Apartments FOR SALE


Saint Petersburg, FL 33701- Crescent Lake
$840,000 USD
727-482-2544
608 Highland St N, Saint Petersburg, FL for Sale
$840,000 USD
Apartments - FOR SALE
1/29
null | 6.7% Cap Rate

608 Highland St N
Saint Petersburg, FL 33701
Crescent Lake


HIGHLIGHTS

  • 6-PLEX - BRRRR investment opportunity with a moderate rehab
  • NOT in flood zone. NO HOA
  • 1 2B, 1 1B, 4 studios, an upstairs office unit, 3 covered sheds with power
  • Minutes drive to Downtown St. Pete, the Pier, USF St. Pete, and The Tropicana Field
  • Surface parking in rear for 3 cars and street parking in the front. You can remove shed for additional parking spots
  • 7x Individual electric meters using copper (Office upstairs)

OVERVIEW

This 6-PLEX in the heart of the Historic Uptown neighborhood consists of a multi-family investment property featuring 3036 sq ft, 2 large apartments on the main level and four studios on the second level, an office upstairs, ample surface parking, and 3 covered sheds with power providing lots of storage. The building has a large front lawn, shared porch, shared covered laundry room, with both street and alley access. ALL TENANTS ARE MONTH TO MONTH. CAN START RENO'S ASAP. ATTACHED INCOME/EXPENSE DOC. *FEATURES: *Shared laundry room at back (Unit #A - 2 bedroom on main level has its own in-unit laundry) *Office unit on second level - can be converted to another appt as features kitchenette and bathroom (Making six-plex into 7 units) *2 hot water tanks - 1 on the main level and second upstairs for studios + office. *All apartments using window AC units *MAIN LEVEL: 2 apartments 2 bed - 888 sq ft (private In-unit laundry) 1 bed - 640 sq ft (Shared laundry room at back) *UPPER LEVEL: 4X studio apartments (200 - 250 sq ft each) 1X Office (Maybe 150 sq) *REASON FOR SALE: We are Canadian and will not make a profit or benefit making renovations due to double USA/Canada taxes. There is no mortgage or loans on this property for quick ownership/title transfer. *NON-CONDITIONAL - CASH OFFERS ONLY - SELLING AS IS. No apartment walk-throughs unless you have a written offer. We have taken pictures, measured, and listed everything you need. No wholesalers or contract flippers. We will sell directly to a professional investor. *ONLY SERIOUS BUYERS There are no major issues with this property. Moderate rehab would be kitchens, bathrooms, flooring, drywall, etc… *CONTACT MIKE #727 482 2544

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

6

PRICE/UNIT

$140,000

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

NTS – 2

APN/PARCEL ID

18-31-17-19242-000-0170

ASK ABOUT THIS PROPERTY

Cassandra WinklerFRALEIGH INVESTMENTS LLCMore Info
727-482-2544

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Cassandra WinklerFRALEIGH INVESTMENTS LLCMore Info
727-482-2544

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