Address: 1757 Russell Street S, Saint Petersburg, FL 33712
Description
**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property's profitability. Dont miss out on this fantastic opportunity to own a well maintained, cash flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property's profitability. Dont miss out on this fantastic opportunity to own a well maintained, cash flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Sidewalk
Flooring: Tile
Living Area: 2500.00
Roof: Built-Up, Membrane
Property Information
Property Condition: Completed
Land Information
Lot Features: City Limits, Level, Near Public Transit, Oversized Lot, Paved
Garage and Parking
Garage Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2024
Rental Information
Tenant Pays: Electricity
Other Features
Country: US
Furnished: Unfurnished
Interior Features: Other
Legal Description: LA PLAZA ADD LOT 4 & N 6.5 FT OF LOT 3
Welcome to this stunning real estate listing featuring a spacious 4 bedroom, 2 bathroom main house, along with a desirable detached 2 bedroom, 1 bathroom apartment with a2 car garage. As you step insi
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