621 15th Street N, Saint Petersburg, FL
Multi-family for Sale - $870,000 - 5,525 Sq. Ft.
Property Info
| CIMLS# | 1032114 |
| Location 621 15th Street N Saint Petersburg FL 33705 | |
| Updated | November 15th, 2018 |
| Type | Multi-family |
| Price | $870,000 |
| Building | 5,525 Sq. Ft. |
Property Description
Excellent investment within walking distance to Downtown St Petersburg. The property consists of eight large studio efficiency apartments and one stand alone two bedroom home. The landlord currently pays for water, sewer, gas and refuse while the tenants pay for their own electric. The efficiencies are approximately 312 square feet and the home is approximately 680 square feet. Extensive renovations to both buildings was completed in 2018 and include new roof, new fencing, refinished wood floors, new flooring and new appliances to name a few. Additional value opportunity for new ownership.
Financials
Proforma Operating Income $101,136
Proforma NOI $90,661