Kristy Darragh
BEDS4
BATHS
SQUARE FEET816
MLS#TB8559506
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONKELLY JOHN ALEX-BRUCE
Property Description
Great investment opportunity in St. Petersburg with existing rental income and excellent expansion potential! This property features two separate 1-bedroom, 1-bathroom units, **both currently tenant-occupied and generating rental income**, along with a detached 2-car garage that has been rented separately for storage, providing an additional income stream. A major highlight of this property is the **City of St. Petersburg-approved building plans and permit for a third residential unit!** The planned addition consists of a 2-bedroom, 1-bathroom unit above the existing detached garage, while preserving the 2-car garage below for continued use or potential rental income. The approved building plans and permit convey with the sale, saving the new owner the considerable expense of having plans prepared and the time involved in obtaining city approvals and permits. This provides a significant head start for an investor looking to maximize the property's income potential. With two existing income-producing units, the opportunity to add a third residential rental unit, and additional garage rental income, this property offers excellent potential for increased cash flow and long-term investment value!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.15 Acres
Roof Type: Shingle
Taxes: $3,824
Year Built: 1958
Amenities
Open Floorplan
Fence
Feature Descriptions
Annual Net Income: 32000.00
Directions: From 4th Street N, turn west onto 88th Avenue N. Continue to 512 88th Avenue N. Property will be on the left (south side of the street).
Exterior: Asbestos
Flood Zone Code: AE
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.15
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, No Lockbox, Text List Agent
Special Sale Provisions: None
Units: 3
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: PEOPLE'S CHOICE REALTY SVC LLC
Agency Contact: 813-933-0677
Shown By
Agent Name: Kristy Darragh
Agent Phone: (813) 931-6700
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,323.04 per month $888.00 Principal & Interest $318.67 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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512 88th Avenue N | MLS# TB8559506
This multi-family property located at 512 88th Avenue N, Saint Petersburg, FL 33702 is currently listed for sale with an asking price of $399,000. Search Saint Petersburg real estate on www.realestatenewtampa.com today.