For Sale is beautiful 4 unit in Historic Kenwood. It consists of concrete block on the bottom floor and wood frame on the second floor. It sits strategically at the intersection of 5th Avenue North and 29th Street North. A bus line is directly in front of the building. I-275 and US-19 are extremely convenient and located within a half mile to a mile of this property. The beaches and Downtown St. Petersburg are 10-15 minutes away in either direction. The property is very easy to keep leased. The traffic on 5th Ave provides a "For Rent" sign to be seen by 15-20,000 people on a daily basis. The noise is a non-issue. The front doors have been fitted to block the noise and the property sits all the way on the back of the property. It just underwent a rehab that maintains the building's original charm and appeal. The unit sizes are 1 bedroom and 1 bath. The rents range from $625-$750. It stays rented and only takes a week to lease an apartment. See the picture with the income statement for more information. There are very minimal expenses with this property. There is no house electric bill and the water bill for all 4 units is consistently less than $100. The lawncare is minimal. Those are the two main expenses excluding RE Taxes and Insurance. There is storage room between the two lower units that is accessible on the back side of the building. All four hot water heaters are in the storage room. There is also a drain in the storage room. They are not in the actual units. This is very convenient for the plumber and mitigates risk. There is also extra paint, material, and keys to the apartments in the storage room. It is well organized. For the most part, all the apartments are new from the flooring to the paint. This is a beautiful Quadplex with minimal expenses and it can be managed from afar. All out of state investors do not hesitate to call or make an offer. This property would be easy to manage out of state or from overseas.
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