Tampa Income Properties
(727) 581-8900
fax 727-581-8902
Info@tampaincomeproperties.com





15 Units - St. Petersburg
338 7th St. N.

St. Petersburg, FL 33701
Offered at $799,000
Type: Income

PRICE RECENTLY REDUCED

 

This offering presents an opportunity to acquire three outstanding value add properties on one tax parcel.  The current ownership of these well maintained buildings have recently replaced two out of three roofs, professionally painted exteriors and installed new double pane windows to 50% of the property; this is an opportunity for a hands-on operator to continue to upgrade and improve the property.  Minor interior improvements could result in increased rents. In fact, immediate opportunities exist for new owner to adjust rents upward -all current tenants have fulfilled a one year obligation and are now on month to month tenancy. Additional income from tenants is realized through a coin-operated washer/dryer and 5 small storage units.

 These properties have fantastic curb appeal and are in a desirable neighborhood.  Tenants are readily available through for rent signs in the yard.  New owner will benefit from St. Petersburg's large singles population and strong employment.

 

Located one block from beautiful MirrorLake, this property is within walking distance of downtown St. Petersburg, BayWalk, VinoyPark, Tropicana Field, and the picturesque waters of TampaBay.

SEE EXECUTIVE SUMMARY ABOVE.



Property Description

 

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these properties including their availability. Information at this site is deemed reliable but not guaranteed and should be independently verified.
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