1757 RUSSELL STREET S SAINT PETERSBURG FL 33712 MLS #TB8318076

1757 RUSSELL STREET S
SAINT PETERSBURG, FL, 33712
$799,000
8 Beds
4 Baths
2,796 SqFt
0.15 Acres
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**Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit. This would enhance your investment returns and maximize the property’s profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don’t miss out on this amazing opportunity!

Property Details

Price:
$799,000
MLS #:
TB8318076
Status:
Active
Beds:
8
Baths:
4
Address:
1757 RUSSELL STREET S
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LA PLAZA ADD
Neighborhood:
33712 – St Pete
City:
SAINT PETERSBURG
Listed Date:
Nov 5, 2024
State:
FL
Finished Sq Ft:
2,796
Total Sq Ft:
2,796
ZIP:
33712
Lot Size:
6,617 sqft / 0.15 acres (approx)
Year Built:
1962
Units:
4
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Schools

Interior

Cooling
Central Air
Flooring
Tile
Heating
Central
Laundry Features
Other

Exterior

Construction Materials
Block, Concrete
Exterior Features
Sidewalk
Roof
Built- Up, Membrane

Financial

Tax Year
2023
Taxes
$4,702

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Community

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1757 RUSSELL STREET S
SAINT PETERSBURG, FL