$470,000
$499,999
6.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,712 SqFt
SOLD DATE : 04/16/2024
Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,712 sqft
Price per Sqft $274
Subdivision Laughners Ext Of Kerr Add
MLS Listing ID T3505041
Sold Date 04/16/24
Bedrooms 3
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1924
Annual Tax Amount $4,367
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 48x100
Property Description
Welcome to your next investment opportunity nestled in the charming Barlett Park community of St. Petersburg! This triplex offers a blend of versatility, functionality, and potential, making it an ideal addition to any savvy investor's portfolio. The property consists of two separate buildings. Each unit has been meticulously updated in the last two years, featuring a newer roof, new central A/C, new mini split units, and all new plumbing. The interiors features new luxury vinly plank flooring, new shaker cabinets, granite countertops, new paint and trim, and recently remodeled bathrooms. The front building consists of a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit. The 2/1 features a spacious layout with a bonus room that can be used as a 3rd bedroom or office. It is currently rented for $1,640/mo on a yearly lease. The 1 bedroom 1 bath features a spacious floor plan with a living room and pantry. It is rented for $1,400/mo on a yearly lease. Lastly, the studio up top of the back building is rented for $1,200/mo on a yearly lease, totaling $4,240 in gross income per month. After taxes and insurance, the property is on pace to net $39,416.74 per year. Additionally, the bottom unit out back features 440 square feet of unifinished utility space (UTU) with a bathroom and heating/cooling. All 3 units are separrately metered for electric, while the water bill is split evenly among the tenants via existing property management. Front street parking and back alley parking available to tenants.
Don't miss out on your opportunity to own THREE units in Barlett Park, one of St. Pete's best kept secrets! Just off 4th Street and minutes from downtown and the Trop. Cash or conventional offers preferred.
*NO WHOLESALERS, NO CREATIVE FINANCING* Serious buyers only, all financials available for review prior to showings.
Location
State FL
County Pinellas
Community Laughners Ext Of Kerr Add
Direction S
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Courtyard, Fence
Utilities Available Public
Roof Type Shingle
Attached Garage false
Garage false
Private Pool No
Building
Entry Level Multi/Split
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with DOUGLAS ELLIMAN
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "