Address: 5910 31st Street N, ST PETERSBURG, FL 33714
Description
Hard to find turnkey cash cow triplex in a peaceful, rapidly appreciating pocket of St. Pete. The owners early retirement offers you the rare chance to snatch up this well maintained income producing triplex for well below market value. Live in one of the three spacious units: one 2 bed/2 bath and two 1 bed/1 baths, and rent the others out for ample passive income. So what makes this place so special? 1) All units well maintained with absolutely no major issues. 2) Oversized .25 acres lot with plenty of space for parking. Large space between buildings with potential to add a 4th unit. 3). Long term tenants in place two units month to month, one on a lease. 4) High and dry elevated lot, unaffected by recent storms. Non flood zone. 5) Quiet low traffic street in a great location. Close to shopping, dining, schools, and entertainment. Just minutes from major highways and commuter routes, 10 minutes from downtown St. Pete, and seconds from the beautiful Sawgrass Lake Park, featuring walking trails, elevated boardwalks, wildlife viewing, and more. Investor notes: LTR: 3,050 / mo current, 3,500 3,700 potential w/o updates. Very little nearby competition. Low maintenance, income producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.
Hard to find turnkey cash cow triplex in a peaceful, rapidly appreciating pocket of St. Pete. The owners early retirement offers you the rare chance to snatch up this well maintained income producing triplex for well below market value. Live in one of the three spacious units: one 2 bed/2 bath and two 1 bed/1 baths, and rent the others out for ample passive income. So what makes this place so special? 1) All units well maintained with absolutely no major issues. 2) Oversized .25 acres lot with plenty of space for parking. Large space between buildings with potential to add a 4th unit. 3). Long term tenants in place two units month to month, one on a lease. 4) High and dry elevated lot, unaffected by recent storms. Non flood zone. 5) Quiet low traffic street in a great location. Close to shopping, dining, schools, and entertainment. Just minutes from major highways and commuter routes, 10 minutes from downtown St. Pete, and seconds from the beautiful Sawgrass Lake Park, featuring walking trails, elevated boardwalks, wildlife viewing, and more. Investor notes: LTR: 3,050 / mo current, 3,500 3,700 potential w/o updates. Very little nearby competition. Low maintenance, income producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Garden
Living Area: 1666.00
Roof: Built-Up, Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Electric
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Interior Features: Primary Bedroom Main Floor
Legal Description: N 50FT OF S 462FT OF E 247.5FT OF NW 1/4 OF SW 1/4 LESS E 30FT
2753 53rd Ave N is a unique opportunity to own a stabilized 3 unit multi family apartment complex in the rapidly growing Saint Petersburg area with substantial room for growth. With great proximity to
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.