Great opportunity to purchase an income property consisting of four (4) duplexes that contain one (1) efficiency and seven (7) one-bedroom/one-bathroom apartments. This property is a solid income generator with a great cap rate that consistently is rented out. Each unit has off-street parking and has been updated with wood laminate and tile flooring and new kitchen cabinetry. The duplexes and property have an Old Florida feel in a park-like setting. There also is enough room on the property to build another unit - the owner has plans they can share with the buyer. The property offers an ideal location in central St. Petersburg and is close to shopping, dining, I-275, US 19, Sawgrass Lake Park, and public transportation. Five (5) units have their own electric meters, while the remaining three (3) units are on one electric meter covered by the owner. One unit comes with a garage that is for the exclusive use of the tenant in unit #8, who covers the lawn maintenance in exchange for use of the garage. Professional photos available soon. Please do not disturb tenants, thank you.
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