8 UNIT INCOME OPPORTUNITY IN OLD NORTHEAST - ONLY $750K DOWN, OWNER FINANCING AVAILABLE! Located steps away from Beach Dr. NE in vibrant Downtown St.Pete, this 2 Story Multi-Family residence for 5-9 units sits in the iconic and highly demanded neighborhood of Historic "Old Northeast"! Of St. Petersburg’s neighborhoods, the Old Northeast is one of the most sought-after. Nestled next to the water, boasting red brick roads and walking distance of Downtown, living in this neighborhood is a treat! With visible views of The Vinoy Resort, this 1920 Colonial residence of 5,029 sq ft, is a fully leased 8 Unit rental property which includes 2, Two Bedroom/1 Bath, 2, One Bedroom/1 Bath, 3 Studio's and 1 Office along with a detached 2 car garage/workshop/storage/office. This residence as been renovated and restored to its original glory! The original craftsmanship with Heart of Pine Wood flooring and architectural Trimming around doors and Windows as been completely sanded, stained/painted by hand has been preserved and brought back to its original luster. Drywall was completely removed in all units and ALL Electrical has been updated though-out with each unit metered separately as well as the Plumbing and Impact Hurricane Windows! Over time, all units have been updated with NEWER Kitchens/Kitchenettes, NEWER Bathrooms and fresh interior/exterior paint. Each unit has its own outdoor porch or use of the front overhang which surrounded by fresh landscaping with well water irrigation, hexagon walkways, vinyl fencing and 2 entrances with grand stairways to from front to back. This residence does have an onsite coin laundry Washer and Dryer with as well potential tenant storage for additional income. This residence is zoned for Multi-Family Apartments for 5-9 units, however one could look into making it a Single Family home. Residential street parking by permit is available. This is truly one of a kind and with the vibrant urban Downtown Living, Walking, Biking or Running, residents can enjoy Downtown with coffee shops and Restaurants, Museums, the St.Pete Pier, Vinoy Park, Art Galleries, Live events and entertainment galore! St.Petersburg is also known for being a dog friendly city as well. So much to do in this forever growing city surrounded by water. Please DO NOT APPROACH THE PROPERTY as it is occupied by tenants. Schedule a private showing today! Buyer to verify all information.
Listing courtesy of ELLIOTT COASTAL REALTY LLC. 727-576-4663
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