836 24TH Avenue N

Description

Turn-key 4-unit St Petersburg multifamily property in Historic Crescent Heights- just two blocks North of beautiful Crescent Lake Park, minutes from Downtown & on the same block as Trips Diner- one of the best meeting spots in St Pete! This rare 2-story quadplex property- which consists of (one) 2 bed/ 1 bath & (three) 1 bed/ 1 bath units, boasts amazing curb appeal and is located on one of the nicest (& most walkable) streets in the City! The apartments themselves boast several interior updates throughout, with the electrical & plumbing being updated in recent years. Roof was installed in 2013. The 2 bed/ 1 bath (Unit 1) has central A/C (which was installed in 2018), while the other apartments have wall units. All of the tenants pay their own electric (as the property has five meters), share a community W/D & have private parking on the rear alley. The property has an enclosed (and fully fenced) rear yard/ patio/ grill area/ fire pit that serves the small community. The property is fully occupied with quality tenants on annual leases- monthly gross income is $5,500/mo. The two upstairs units are set to go month-to-month beginning July 1, giving the new owner possible value-added & STR options going forward.