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Denise Rosenberg

denise.rosenberg@engelvoelkers.com +1(352) 262-3103

$ 399,000

Est. payment -/mo

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New

512 88TH AVE N St Petersburg, FL 33702

4 Beds

3 Baths

816 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 816 sqft

Price per Sqft $488

Subdivision Kelly John Alex-Bruce Sub

MLS Listing ID TB8559506

Bedrooms 4

HOA Y/N No

Year Built 1958

Annual Tax Amount $3,824

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50x127

Property Sub-Type Triplex

Source Stellar MLS

Property Description

Great investment opportunity in St. Petersburg with existing rental income and excellent expansion potential! This property features two separate 1-bedroom, 1-bathroom units, **both currently tenant-occupied and generating rental income**, along with a detached 2-car garage that has been rented separately for storage, providing an additional income stream. A major highlight of this property is the **City of St. Petersburg-approved building plans and permit for a third residential unit!** The planned addition consists of a 2-bedroom, 1-bathroom unit above the existing detached garage, while preserving the 2-car garage below for continued use or potential rental income.
The approved building plans and permit convey with the sale, saving the new owner the considerable expense of having plans prepared and the time involved in obtaining city approvals and permits. This provides a significant head start for an investor looking to maximize the property's income potential. With two existing income-producing units, the opportunity to add a third residential rental unit, and additional garage rental income, this property offers excellent potential for increased cash flow and long-term investment value!

Location

State FL

County Pinellas

Community Kelly John Alex-Bruce Sub

Area 33702 - St Pete

Direction N

Interior

Interior Features Open Floorplan

Heating Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry None

Exterior

Exterior Feature Fence

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage false

Garage true

Private Pool No

Building

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Asbestos

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Matthew Brye PEOPLE'S CHOICE REALTY SVC LLC

NEARBY SCHOOLS & PROPERTIES

Denise Rosenberg

Advisor License ID: SL3505368

+1(352) 262-3103

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