2715 63rd Terrace N
ST PETERSBURG, FL 33702

Description

Great Investment Property opportunity!! Live in one side while generating income too or rent both units. Well maintained block constructed duplex in the quiet Sawgrass Acres subdivision. The building is a large 2060 heated square feet and each unit is a spacious 1030 sq feet with 2 large bedrooms with plenty of closet space and 2 baths, inside laundry, each with screened in porch and large backyard. Unit "B" recently completely remodeled the main bathroom, refurbished kitchen with new appliances and disposal, fresh paint throughout and brand-new HVAC system. Brand-new roof replaced on building Feb 2019 and exterior paint. Unit "A" is occupied on an annual lease w/6 months remaining. Unit "B" recently vacated with each unit generating a monthly income of $800. Based on current market for the area, the expected rents would be $1200-1250 monthly. Cap Rate of 8.0% based on projected rents. Tenant pays own water/sewer and electricity. Separate Water & Electric meters. Ample parking for 4 cars. NO FLOOD INSURANCE REQUIRED. Great location, close to shopping, restaurants, medical facilities with easy access to I-275, Tampa and downtown St. Pete.

Details

MLS#U8037001
Sub-TypeResale
StatusPending
Year1987
Days On Site12

Features

SQ Feet2,060
Units2
Building(s)1

Market Activity 33702

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Area Information

StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33702
Area33702 - St Pete
Listing VS Median (in 33702)
Price:
$269,000
low | high
Med:
$199,900
75.687732342007% of Average
SqFt:
2,060
low | high
Med:
1,632
70.776699029126% of Average
$ / SqFt:
$131
low | high
Med:
$122
56.198975872877% of Average
On Site:
12
low | high
Med:
134
8.955223880597% of Average
Listing Updated: 03/19/2019
MLS Number: U8037001
Listing Provided By:
Caroline Southwell  of  COASTAL LIFESTYLES REALTY

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