NOT LISTED FOR SALE
5 Beds
5 Baths
3,229 Sq Ft
6,817 Sq Ft Lot

Last Sold December 06, 2019

Last sale price $885,000 $274 Per Sq Ft

9 Days on Market

Highlights

  • Saltwater Pool
  • The property is located in a historic district
  • Open Floorplan
  • St. Petersburg High School Rated A
  • City View
  • 4-minute walk to Coffee Pot Park

About This Home

As of December 2019

Boutique 4-Unit Apartment Complex with Heated Salt Water Pool Located Just Steps to Coffee Pot Bayou in the Beautiful Neighborhood of Historic Old Northeast!  Boasting a Current Cap Rate of 6.41,  This Mediterranean Revival Property that is Made of Solid Concrete Block has it All, and Was Completely Restored in 2017.  The 4-Units are Split into 2 Separate Buildings, Offering Maximum Privacy and Natural Light for Each Individual Apartment.  The Unit Breakdown is As Follows: 2 Bedroom, 2.5 Bathroom - $2,100 per Month; 2 Bedroom, 1 Bathroom - $1,650 per Month; 1 Bedroom, 1 Bathroom - $1,650 per Month; 1 Bedroom, 1 Bathroom - $1,400 per Month.  Each Unit Has Its Own Private Washer/Dryer, The Hot Water is Supplied by Tankless, Natural Gas Water Heaters, Almost All of the Windows Have Been Replaced, Each Unit has a Brand New or Newer Air Conditioning System and Every Unit Has Gone Through an Extensive Kitchen/Bathroom Renovation.  This Property is the Perfect Investment for the Hands-Off Investor Seeking Instant Cash-Flow in a Premium Location in Booming St. Petersburg.  Every Detail of This Complex is Meticulously Cared For, and the Finish Work Inside and Outside of the Units are a Seamless Blend of Contemporary and Period Accents.  Mature Landscaping, Soaring Oak Trees and Beautiful Black Metal Fencing Perfectly Compliment This One-of-a-Kind Property in the Historic Old Northeast Which Won the Neighborhood Star Award in March 2018.  3-D Tours of Every Unit are Available!

Last Agent to Sell the Property

Zachary Zehnder

KELLER WILLIAMS ST PETE REALTY License #3237387 Listed on: 10/22/2019

KELLER WILLIAMS ST PETE REALTY

Last Buyer's Agent

Libby Salamone

COMPASS FLORIDA LLC License #476354

COMPASS FLORIDA LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,701

Year Built

  • Built in 1926

Lot Details

  • 6,817 Sq Ft Lot
  • Lot Dimensions are 54x127
  • Dog Run
  • Fenced
  • Corner Lot
  • Oversized Lot
  • Level Lot
  • Irrigation
  • Street paved with bricks

Home Design

  • Quadruplex
  • Split Level Home
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,229 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Inside Utility
  • City Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry closet
  • Dryer

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Saltwater Pool
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Shed

Location

  • Flood Zone Lot
  • The property is located in a historic district
  • City Lot

Utilities

  • Mini Split Air Conditioners
  • Central Air
  • Heating System Uses Natural Gas
  • Thermostat
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3,464 Sq Ft Building
  • Barnard Erastus A S Rev Sub Subdivision
  • Rental Restrictions

Pet Policy

  • 1 Pet Allowed
  • Extra large pets allowed

Building Details

  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,701

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 3229
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1926
  • Building Area Total: 3464
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 6817
  • Number Of Lots: 1
  • Tenant Pays: Electricity
  • Directions to Property: 1st St N to 26th Ave N. Property is located on west side of the street.
  • Status: Sold
  • Street Post Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8063118?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8063118?w=Customer
  • FCHR URL: No
  • Unit Count: 4
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98344
  • Price per Sq Ft: 274.08
  • Close to Original List Price Ratio: 0.98344
  • Ratio: Current Price\Building Area Total: 255.48
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Tile, Hardwood
  • Interior Amenities: Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Foundation Details: Slab
  • Levels: Multi/Split
  • Street Number Modifier: 2630
  • Additional Rooms: Inside Utility
  • Number Of Buildings: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Shed(s), Storage
  • Pool Features: Heated, Salt Water
  • Exterior Features: Balcony, Dog Run, Fenced, Irrigation System, Lighting, Sliding Doors
  • Roof: Membrane
  • Pool Private: Yes
  • View: City
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Road Surface Type: Street Brick, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, On Street
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Electric, Natural Gas
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Parcel Number: 073117027540070010
  • Additional Parcels: No
  • Lot Features: Corner Lot, FloodZone, Historic District, City Lot, Level, Oversized Lot
  • Lot Dimensions: 54x127
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Verification Count: 1

Rental Info

  • Furnished: Partially
  • Pets Allowed: Yes
  • Total Actual Rent: 6800
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 1-7 Days
  • Approval Process: Contact City of St Pete Codes Department
  • Num Timesper Year: 4
  • Pet Restrictions: Contact City of St Pete Codes Department
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Contact City of St Pete Codes Department

Multi Family

  • Gross Income: 81600
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 10701.02
  • Tax Block: 7
  • Tax Book Number: H6-10
  • Tax Lot: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $885,000 -1.7% $274 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $899,900 +88.1% $279 / Sq Ft
08/17/2018 08/17/18 Off Market $478,400 -- --
08/29/2014 08/29/14 Sold $478,400 -2.3% $148 / Sq Ft
07/18/2014 07/18/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $489,900 -- $152 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8063118

Stellar MLS