540 14th Street N, St Petersburg, FL 33705

$3,100,000
23
BD
26
BA
70,480
SqFt

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List Price
$3,100,000
Status
ACTIVE
MLS#
TB8429450
Price Change
▼ $1,400,000 1785860186
Bedrooms
23
Bathrooms
26
Living Area
70,480
Subdivision
Bon Air

Property Description

Value add portfolio of 18 Units in Downtown St Petersburg including 6 houes, 1 quads, 4 duplexes. 100% occupied with high rents with annual gross of $323,604.Also included in the sale would the lots located between units 610 14th Street and 544 14th St N where you can build additional units. Fantastic location located right next to Baycare's St Anthonys hospital. Property stays consistently occupied due to it's downtown location and proximity to the hospital. Perfect investment to do improvements and increase rents. Rents are 15-20% below market with 60 day termination clauses. Currently going through zoning change to allow more density.

Additional Information

Year Built
1977
Construction
Frame
Living Area
70,480
Acres
1.62
Interior Features
Ceiling Fans(s)
Cooling
Central Air, Wall/Window Unit(s)
Heating
Electric
Exterior Features
Sidewalk
Sewer
Public Sewer

Listing courtesy of ELITE TAMPA BAY REALTY LLC.

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