Price Reduction
Address
5475 42nd STREET N, SAINT PETERSBURG, FL
Price
$ 624,000
Property Attributes
  • MLS#P4930567
  • TypePending
  • CountyPINELLAS
  • CitySAINT PETERSBURG
  • AreaSt Pete
  • NeighborhoodWest Burnside At Lealman
  • Zip33714
  • StyleQuadruplex
  • Year Built1946
  • Taxes$ 4370
  • Price$ 624,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1765
  • Lot Size0.14 Acres
Data Source:
Stellar MLS
Property Description

Under contract-accepting backup offers. Great income producing property in St. Pete. ALL UNITS RENTED. UNIT 1 RENTED AT $1500 LEASE UNTIL JANUARY 2025. UNIT 2 RENTED AT $1500 LEASE UNTIL MARCH 2025. UNIT 3 RENTED $1550 LEASE UNTIL JULY 2025. UNIT 4 RENTED $1500 LEASE UNTIL JULY 2025. THIS IS A TRUE 10 CAP INVESTMENT PROPERTY 4 separate buildings. With privacy backyards. New minisplit systems installed. Each unit has outside laundry and is fenced in for privacy. TENANTS IN PLACE SIT BACK COUNT YOUR CASH WHILE DRINKING A MARGARITA. Great property for some easy passive rental income. With all tenants in place this is a PROVEN 10 CAP PROPERTY GENERATING 65K PER YEAR. Hard to find in todays market.

Price History
5/29/2024 Listed $625,000
6/8/2024 1% - $624,000

General Features

Interior Features Ninguno
Sewer Public Sewer
Heating Electric
Cooling Mini-Split Unit(s)
Utilities Public
Roof Shingle
Exterior Features Fenced,Garden
Zoning R-4
Construction Materials Stucco
Pets Allowed Yes
Year Built 1946
Tenant Pays Electricity
Levels One
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 74000
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name WEST BURNSIDE AT LEALMAN
Garage Y/N No
Status Pending
Directions west on 54th avenue north to right on 42nd. little cottages are on the right.
ModificationTimestamp 2024-06-17T17:07:55.347Z
City SAINT PETERSBURG
Buyer Agent Compensation 2%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 33714 - St Pete
Lot Size Units Square Feet
Lot Size Square Feet 5894
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 4370.61
Property Condition Completed
Additional Parcels Y/N Yes
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/P4930567
Days on Market 16
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 1
Legal Description WEST BURNSIDE AT LEALMAN BLK B,LOT 1
Pet Size Limit Extra Large (101+ Lbs.)
Minimum Lease No Minimum
Water Access Y/N No
Water View Y/N No
Flood Zone Code x

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Outside
LivingAreaSource Owner

Exterior Features

Water Source Public
Lot Size Area 5894
Foundation Details Slab
Number of Buildings 4
Lot Dimensions 46 x 127
Lot Size Acres 0.14
Road Surface Type Asphalt
Number of Lots 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33714

Price
AVG $370K
$620K
Taxes
AVG $3,122
$4,370
Visits
AVG 420
156
Data Provided by Inside Real Estate®
Year Built
AVG 1972
1946

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