Available For Sale - Multifamily

3,015 SF | Show Pricing $

LISTED BY

Jon Reno La Budde
AXXOS, 727-510-1921

AVAILABILITY DETAILS

Size
3,015 SF
Price/SF
Show Pricing $
Listing ID
SA530781
Notes
BRAND NEW TO THE LIVE MARKET

Multi-Family in Uptown St Petersburg F-L-A

UPTOWN CASHWELL HEIGHTS



Our Offering is for a 5-plex Multi-Family Building in a historical and famed neighborhood known as Uptown. The structure is a charming 1922 building of craftsman-style architecture with hardwood floors and neutral interiors. The year of construction is significant to many of us locals because it was built pre-boom. Much of Uptown was built in the early 1900's.



The structure is 3,015 Sf which includes an enclosed porch, screened porch, and open porch. The heated square footage is 2,426. The land mass is 5,500 SF surrounded by a very attractive white fence.



The site consists of 5 units, all are one bedroom / one bath. Unit 4 can be transformed into a 2-bedroom unit. All the units have been well maintained. In addition, there is a brand-new water heater in the facility.



Parking is abundant with 6+ spaces on premises, plus tons of street parking.



As mentioned, the structure boasts inviting screened and open porches. The landscape and patio are great additions to this opportunity.



This is a value-added investment, even though the units are in good condition, there is the option of updating and raising the rents. The current rents are already under-market, thus leaving a lot of room for increased margins. Plus there is room to add coin-operated washing machines and dryers providing more money to the gross revenues, as well as the appeal of on-site laundry that allows for increases in rents.



It should be noted the units are always rented and there is usually a waiting list.



Additional info on the NOI and financial documents will be supplied upon request.



Please do not enter the property or disturb the tenants without the agent. Please contact Lead Agent Jonny Reno La Budde at 727-510-1921 * LaBuddeReno@aol.com





Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jon Reno La Budde, AXXOS
BRE# SL3088599