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742 7th Avenue N
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PRICED AT ONLY: $1,450,000

Address: 742 7th Avenue N, ST PETERSBURG, FL 33701

Description

Turnkey 8 Unit Multi Family Opportunity in Historic Uptown St. Petersburg Discover this exceptional investment opportunity in the heart of St. Petersburg's vibrant downtown urban core. This 8 unit property has been meticulously renovated, making it a standout asset in one of the city's most desirable neighborhoods. Recent capital improvements include a new roof (October 2022), electrical upgrades throughout the property (2020 & 2022), and updated kitchens in 5 units, with two additional units fully renovated in 2023. Additional enhancements include new flooring, fresh paint, updated exterior stairs, laundry equipment, fencing, and durable vinyl siding, ensuring low maintenance ownership. The property comprises three separate buildings: an original bungalow, a two story main building, and a garage apartment with multiple garage bays, offering excellent storage or potential for additional rental income. Two of the largest units feature central air via mini split systems, and the property provides off street parking for 5 vehicles. Situated in the Historic Uptown district, just 1.5 blocks from Round Lake Park and a short 5 7 minute drive to downtown St. Petersburg, this location offers unparalleled access to restaurants, Starbucks, shopping, and cultural attractions. Whether youre walking your dog, biking downtown, or enjoying the charm of this historic neighborhood, this property offers an unbeatable combination of modern updates and timeless appeal. With current rents slightly below market, there is significant potential for increased revenue. Dont miss this rare opportunity to own a turnkey investment property in one of St. Petersburgs most sought after neighborhoods. Please Note: Do not disturb tenants. Contact us today for additional information or to schedule a private showing!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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  • MLS#: TB8330842 ( Residential Income )
  • Street Address: 742 7th Avenue N
  • Viewed: 6
  • Price: $1,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1915
  • Bldg sqft: 0
  • Days On Market: 8
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Other
  • Living Area: 3515.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Central, Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Other
  • Legal Description: PLUNKETS, ELIJAH B LOT 5
  • Area Major: 33701 - St Pete
  • Occupant Type: Tenant
  • Parcel Number: 18-31-17-72288-000-0050
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