$532,000
$460,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,500 SqFt
SOLD DATE : 11/29/2023
Key Details
Sold Price $532,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $212
Subdivision La Plaza Add
MLS Listing ID T3484175
Sold Date 11/29/23
Bedrooms 8
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1962
Annual Tax Amount $4,514
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 82x80
Property Description
This BLOCK quadplex presents a prime investment opportunity, offering a blank canvas to savvy investors aiming to capitalize on the burgeoning rental market. Being sold in its current as-is condition, it provides a unique chance to customize and upgrade according to the new owner’s vision, maximizing its potential for attracting tenants.
Strategically located near the heart of downtown St. Petersburg, this property is situated in an area experiencing positive growth and development, promising a favorable environment for both short-term renovation ROI and long-term asset appreciation.
Each unit within this building features a 2-bedroom, 1-bathroom layout, ideal for a range of tenants. Astute investors may consider the option of occupying one unit while leasing the others, a strategy that can effectively offset mortgage expenses through rental income.
Given the attractive features and location of this property, demand is expected to be high. Prospective investors are encouraged to act promptly to secure this investment. Viewing appointments are available upon request – a swift inquiry is advisable to avoid missing out on this compelling opportunity.
Location
State FL
County Pinellas
Community La Plaza Add
Zoning MULTI
Direction S
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Exterior
Exterior Feature Balcony
Parking Features On Street
Community Features None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with INSTA REAL ESTATE SOLUTIONS