High income, full rented, NON-FLOOD zone quadplex located in St. Petersburg on a double lot with over 9% cap rate! This quadplex has two buildings. The first building has been completely redone and include 1 two bedroom, 1 bath and a studio apartment. The second building also includes 1 two bedroom, 1 bath and a studio apartment.Each building has a new roof. There is ample parking on the property which includes a huge driveway and 4 additional spots in the front of the home. There is an open courtyard in the back for relaxing outside/grilling. Each unit has their own assigned parking space, mailbox and entry to the unit.The front building is separately metered for electric and landlord pays water, sewer & trash. The two bedroom, 1 bathroom unit has been completely redone from the ground up and includes hardwood floors throughout, stainless steel appliances, a dishwasher, in-unit laundry, recessed lightening throughout and fans in each bedroom, the living room and brand new blinds as well. The bathroom includes a new vanity, toilet and stunning walk in shower with stainless steel fixtures. It also has a beautiful Spanish style porch on the front of the home as well. AC is 2017. The studio has all brand new stainless steel appliances with new granite countertops. double sink and a stunning backsplash. Other amenities include in-unit laundry, recessed lightening throughout and a mini-split AC unit.The back building is on one electric meter and one water meter that landlord pays. Each back unit has window AC units with long term tenants in place. A one garage garage allows for additional revenue with coin laundry in place and additional storage.There is no work needed as all units are rented out with leases in place. Start making money right away. VIEWED BY APPOINTMENT ONLY. PROPERTY IS OCCUPIED - Please DO NOT DISTURB TENANTS. Perfect 1031x exchange
Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA.
StellarMLS is the source of this information via Internet Data Exchange Program. 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 consumer 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 on