HUGE PRICE DROP!!!!! BOOMING St Pete Rental market means east first-year returns of 13% or MORE!!! Ask your agent for a copy of the cashflow analysis included with this listing so you will have ALL the numbers you need to make an offer on this Cash COW. This is a rare opportunity to buy a freshly renovated from top to bottom duplex in the Bartlett Park neighborhood of Sunny St Pete Florida. In 2018 and 2019 the entire property was renovated by licensed contractors with permits. The list of repairs and upgrades included a new roof, complete with hurricane clips for low insurance rates. In order to obtain the most reasonable insurance premiums, the seller also replaced the windows with impact-rated windows throughout the building! Let's not forget the all-new doors, new water heaters, new electrical, all new plumbing, and new A/C units to keep your tenants cool and their electrical bills low. All new appliances mean no costly service calls, all new interior framing finishes built rock-solid, and new tile flooring, and cabinets. This property is NOT in a flood zone therefore flood insurance is NOT required. Ask your agent for the flood zone removal documents attached to this listing. This property consists of a tenant-occupied 2-bedroom 1-bath apartment and a 1-bedroom 1-bath apartment that's move-in ready and intentionally left empty so the new buyer can pick their own tenant. This investment opportunity is ideal for the investor that does not want to deal with having to do any improvements, instead just sit back and cash those rent checks. St Petersburg, Fl is seeing record-breaking migration numbers of new residents moving from out of state, and experts are predicting year-over-year rent growth to exceed 20% every year!! One of the owners of this property is a licensed Realtor however NOT the listing agent. Front Unit is currently rented at $1275, the lease expires 12/31/22. Buy, Furnish and rent it month to month on AirBnb for MASSIVE PROFITS which is totally legal!
|--||New Value: $329,900|
|6/25/2022 3:50:31 PM||New Value: Pending|
|5/26/2022 5:22:00 PM||New Value: $349,900|
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