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Wade M. Berlin

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2220 7th Street S
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PRICED AT ONLY: $359,900

Address: 2220 7th Street S, ST PETERSBURG, FL 33705

Description

Investment Opportunity St. Petersburg Duplex This duplex offers a 15percent gross rent return (11percent net). Currently generating $3,000 monthly ($36,000 annually) with both units rented at $1,500 each, and estimated expenses of $650/month ($7,800 annually). This results in a solid Net Operating Income (NOI) of $28,200 annually. With an estimated Cap Rate between 89percent, this property presents an excellent investment opportunity in the growing St. Petersburg market. Both units have been fully remodeled, making them move in ready or ideal for immediate rental. Contact me today to schedule a private showing and secure this investment opportunity.

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  • MLS#: TB8425755 ( Residential Income )
  • Street Address: 2220 7th Street S
  • Viewed: 16
  • Price: $359,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 0
  • Bedrooms: 2
  • Total Baths: 2
  • Garage / Parking Spaces: 2
  • Days On Market: 40

Description

Investment Opportunity St. Petersburg Duplex This duplex offers a 15percent gross rent return (11percent net). Currently generating $3,000 monthly ($36,000 annually) with both units rented at $1,500 each, and estimated expenses of $650/month ($7,800 annually). This results in a solid Net Operating Income (NOI) of $28,200 annually. With an estimated Cap Rate between 89percent, this property presents an excellent investment opportunity in the growing St. Petersburg market. Both units have been fully remodeled, making them move in ready or ideal for immediate rental. Contact me today to schedule a private showing and secure this investment opportunity.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Dog Run, Private Mailbox
  • Flooring: Wood
  • Living Area: 1107.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: Curb Parking, Driveway
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Electric Water Heater, Range, Refrigerator
  • Country: US
  • Interior Features: Solid Surface Counters
  • Legal Description: HARBORDALE SUB N 60FT OF LOTS 151 AND 152
  • Area Major: 33705 - St Pete
  • Occupant Type: Vacant
  • Parcel Number: 31-31-17-36684-000-1510
  • Views: 16
Nearby Subdivisions
Burkhard Lewis Sub   Cromwell Heights   Fruitland Heights   Harbordale Sub   Jurgens John Big Bayou Sub   Pattersons Rep   Pomeroys Add J B   Rouslynn   Schooleys Homeville   Stahls Sub  
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Wade M. Berlin

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