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1531 5TH Street S

Saint Petersburg, FL 33701
  • $2,030,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: W7850030
UPDATED: 62 min ago
$2,030,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,248
    SQFT
  • $1,627
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1988
County:
Area:

School Ratings & Info

Description

DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This property is part of a portfolio sale* Well-established portfolio of single-family homes in St Petersburg with $204,000 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. All properties are located in areas with significant new development activity. This portfolio is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing properties based on cash flow. Seller will give preference to offers with lower loan-to-value ratios. Seller may consider seller financing with the right legal structure. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-11-26T19:45:00.073.
www.armelrealestate.com/homes/134315080
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1531 5TH Street S Saint Petersburg, FL 33701

  • Price: $2,030,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 62 min ago
  • MLS #: W7850030
3
Beds
1
Baths
0
½ Baths
0.11
Acres
1,248
SQFT
$1,627
$/SQFT
1988
Built
Neighborhood:
Kerr Add
County:
Pinellas
Area:
St Pete
Property Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This property is part of a portfolio sale* Well-established portfolio of single-family homes in St Petersburg with $204,000 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. All properties are located in areas with significant new development activity. This portfolio is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing properties based on cash flow. Seller will give preference to offers with lower loan-to-value ratios. Seller may consider seller financing with the right legal structure. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Exterior Features

Attached Garage Yn No Carport Yn No Construction Materials BlockConcrete Covered Spaces 0 Direction Faces East Exterior Features Sidewalk Foundation Details Slab Open Parking YN No Pool Private Yn No Road Surface Type Paved Roof Other Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Refrigerator Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Tile Heating Central Heating YN Yes Interior Features Split Bedroom Levels One Room Count 3 Rooms Kitchen Living Room Master Bedroom Sewer Public Sewer Water Source Public

Property Features

Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code Ae Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventionalOther Minimum Lease 8-12 Months Month To Month Or Weekly Yn Yes New Construction Yn No Ownership Fee Simple Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 2573 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity AvailableElectricity ConnectedWater AvailableWater Connected Yrs Of Owner Prior To Leasing Re No


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Dalton Wade Inc: 888-668-8283.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-11-26T19:45:00.073.
 
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