721 12th Street S, St Petersburg, FL 33705
- $585,000
- 7
- BD
- 3
- BA
- 2,097
- SqFt
- List Price
- $585,000
- Status
- ACTIVE
- MLS#
- TB8549912
- Bedrooms
- 7
- Bathrooms
- 3
- Living Area
- 2,097
- Subdivision
- Grove Heights Annex
Property Description
INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS! **Opportunity is knocking in St. Petersburg!** This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades. **Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed **Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining **Unit C:** 2/1 — $2,000/mo — month-to-month **Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018). **Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable. Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities. With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**
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Additional Information
- Year Built
- 1948
- Construction
- Stucco
- Living Area
- 2,097
- Acres
- 0.12
- Interior Features
- Ceiling Fans(s)
- Cooling
- Central Air
- Heating
- Central
- Exterior Features
- None
- Sewer
- Public Sewer
- Stories
- 1
Listing courtesy of FLORIDA REAL ESTATE ASSOCIATES.
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