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3259 36TH Avenue N

St Petersburg, FL 33713
  • $895,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: T3435968
UPDATED: 21 min ago
$895,000
  • 6
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,312
    SQFT
  • $387
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to your new investment opportunity or home sweet home or BOTH! This property offers both a single-family house and a duplex on the same lot, providing flexibility and multiple rental options. The house and duplex units are all 2 bed 1 bath. All units have their own laundry rooms and are metered separately for both water and electric and plenty of off street parking. This property has been recently updated with new roofs, windows, and exterior doors. The house and one of the duplex units have been completely renovated to modern standards, making them move-in ready for potential renters or owner occupants. Each unit will rent for as much as $2,155 per month, offering a potential annual gross income of $77,580. At current cap rates the asking price is a bargain!. Annual expenses, including non-homesteaded taxes, insurance and $100/mo maintenance per unit, come in at $12,000. However, note that the $100 a month for maintenance is overkill since the house and one unit are beautifully renovated. With renovation of the remaining duplex unit and a possible garage and garage apartment addition to the main house and some fencing, the property could see increased rental income and improved privacy for each unit. This property is an excellent investment opportunity with a great potential for cash flow, making it a smart choice for investors looking for a reliable source of rental income. It is also ideal for an owner-occupant who could live in one of the units, potentially living for free with a positive cash flow. Purchasing with an FHA 203K loan, you could include the improvements in the purchase. Combined with a low down payment and a rate buydown makes this an incredible opportunity. Don't miss out! All offers are contingent upon Seller approval. Any and all offers or counter offers are not binding until the entire agreement is ratified by all parties AND the fact of execution has been communicated to all parties. Offers must be accompanied by Prequal / Pre-Approval letter and Proof Of Funds to close, dated within thirty (30) calendar days of the date of offer. See Also T3438512

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-05-30T07:45:33.543.
www.thegriffingroup.net/homes/138035110
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3259 36TH Avenue N St Petersburg, FL 33713

  • Price: $895,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 21 min ago
  • MLS #: T3435968
6
Beds
0
Baths
0
½ Baths
0.25
Acres
2,312
SQFT
$387
$/SQFT
1983
Built
Neighborhood:
Clearview Sub
County:
Pinellas
Area:
St Pete
Elementary School:
New Heights Elementary-Pn
Middle School:
Tyrone Middle-Pn
High School:
St. Petersburg High-Pn
Property Description
Welcome to your new investment opportunity or home sweet home or BOTH! This property offers both a single-family house and a duplex on the same lot, providing flexibility and multiple rental options. The house and duplex units are all 2 bed 1 bath. All units have their own laundry rooms and are metered separately for both water and electric and plenty of off street parking. This property has been recently updated with new roofs, windows, and exterior doors. The house and one of the duplex units have been completely renovated to modern standards, making them move-in ready for potential renters or owner occupants. Each unit will rent for as much as $2,155 per month, offering a potential annual gross income of $77,580. At current cap rates the asking price is a bargain!. Annual expenses, including non-homesteaded taxes, insurance and $100/mo maintenance per unit, come in at $12,000. However, note that the $100 a month for maintenance is overkill since the house and one unit are beautifully renovated. With renovation of the remaining duplex unit and a possible garage and garage apartment addition to the main house and some fencing, the property could see increased rental income and improved privacy for each unit. This property is an excellent investment opportunity with a great potential for cash flow, making it a smart choice for investors looking for a reliable source of rental income. It is also ideal for an owner-occupant who could live in one of the units, potentially living for free with a positive cash flow. Purchasing with an FHA 203K loan, you could include the improvements in the purchase. Combined with a low down payment and a rate buydown makes this an incredible opportunity. Don't miss out! All offers are contingent upon Seller approval. Any and all offers or counter offers are not binding until the entire agreement is ratified by all parties AND the fact of execution has been communicated to all parties. Offers must be accompanied by Prequal / Pre-Approval letter and Proof Of Funds to close, dated within thirty (30) calendar days of the date of offer. See Also T3438512
Exterior Features

Carport Yn No Construction Materials BlockStuccoVinyl SidingWood Frame Covered Spaces 0 Exterior Features Fenced Foundation Details Slab Lot Features City LotLevel Lot Size Dimensions 89.8X120 Open Parking YN No Parking Features Off StreetParking Pad Patio And Porch Features Front PorchRear PorchScreened Pool Private Yn No Road Surface Type PavedAsphalt Roof Shingle View City Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DishwasherDisposalElectric Water HeaterRangeRefrigerator Building Area Total 2744 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Vinyl Heating Electric Heating YN Yes Interior Features Ceiling Fans(S)Open FloorplanSolid Surface CountersThermostat Laundry Features InsideLaundry ClosetLaundry RoomOutside Levels One Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 12000 Annual Net Income 3000 Association Approval Required Yn No Association Fee Requirement None Association Yn No Cdd Yn No Down Payment Resource No Est Annual Market Income 65580 Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Listing Terms CashConventionalFhaLease OptionLease PurchaseOtherPrivate Financing AvailableVa Loan New Construction Yn No Ownership Fee Simple Pets Allowed Yes Planned Unit Development Yn No Property Sub Type Triplex Realtor Info As-IsContract For DeedMtge - Owner Will HoldOwner Will Assist With Closing CostsOwner Will Consider FinancingSignSurvey Available Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4504.24 Total Annual Fees 0 Total Monthly Fees 0 Utilities Bb/Hs Internet AvailableCable AvailableElectricity ConnectedPhone AvailableSewer ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No Zoning Multi Fam


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Kirsten Realty Inc: 800-687-2052.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-05-30T07:45:33.543.
 
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