This property
sold
for
$225,500 8 years ago.
Sold
$225,500
172 & 174 38th Avenue Se
ST PETERSBURG,
FL 33705
GREAT INCOME! GREAT LOCATION! Coquina Key Island Living! MID CENTURY CONTEMPORARY! Concrete DUPLEX of two 780 sq ft 2BR/1BA units with carports and utility rooms with washer/dryer hookups. Annual Leases. Tenants pay all utilities! Owner pays only property tax, insurance, lawn care. At full price, with actual current rents and actual expenses this investment generates an actual 7.8% capitalization rate. There is proven ability to increase rent to $1095 per side, which would generate a 9.2% capitalization rate. Updates include recent interior and exterior paint, new refrigerators, smooth top stoves, ceiling fans, new plumbing fixtures, new medicine cabinets and bathroom vanity, all new light fixtures, plugs & switches, new breaker panels and exterior doors. TERRAZZO floors throughout! No carpet to replace! Central A/C! Skylights! Just three blocks from the Coquina Key Park which boasts tennis and basketball courts, a large fenced dog park, fishing dock, kayak launch, walking & exercise path. Duplex is adjacent to Waterside condos and on the closest island to downtown St Pete. DO NOT WALK PROPERTY! DRIVE BY ONLY! GREAT INCOME! GREAT LOCATION!
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Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID. Listing Office: COLDWELL BANKER REALTY
Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID.
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