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Details

Rare opportunity to own a building with 8 units. Central location in Lealman that is located in a non flood zone.. Block construction and built in 1982. Roof was replaced in 2013 Electric and some plumbing has been updated. Long time month to month tenants currently occupy the property and the units are currently rented at a price that is well below the local market. The street was recently redone including new sidewalk. The landlord uses the oversized 1 car garage for storage. Landlord pays all utilities. Estimated monthly utilities Electric $660, Water, Sewer & Trash $300, Cable $183, Gas $60. Two central A/C units provide heat and air. There is natural gas for the two hot water tanks , gas heat and the gas range in unit #8. This property has lots of potential to grow the current income stream.

PROPERTY FEATURES

Utilities : Cable Connected Water Access : 0 Sewer : Public Sewer
Parking Features : Other Garage On Property : Yes. Garage Spaces: 1
Exterior Features : Other Road Surface Type : Asphalt Roof : Shingle
Zoning : R-3
Heating : Central Cooling : Central Air
Construction Materials : Block
Interior Features : Other Laundry Features : Inside

PROPERTY DETAILS

Street Address: 4631 40TH STREET
City: Saint Petersburg
State: Florida
Postal Code: 33714
County: Pinellas
MLS Number: U8219428
Year Built: 1982
Courtesy of RE/MAX METRO

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