512 88th Avenue N, St Petersburg, FL 33702
- $399,000
- 4
- BD
- 3
- BA
- 816
- SqFt
- List Price
- $399,000
- Status
- Active
- Days on Market
- 0
- MLS#
- TB8559506
- Property Style
- Triplex
- Year Built
- 1958
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 816
- Lot Size
- 6,421
- Acres
- 0.15
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Kelly John Alex-Bruce Sub
- MLS Area Major
- St Pete
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!
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Additional Information
- Taxes
- $3824
- Community Features
- No Deed Restriction
- Interior Layout
- Open Floorplan
- Interior Features
- Open Floorplan
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Asbestos
- Exterior Features
- Fence
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 19-30-17-45684-000-0860
- Legal Description
- KELLY, JOHN ALEX-BRUCE SUB LOT 86
Listing courtesy of PEOPLE'S CHOICE REALTY SVC LLC. 813-933-0677
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