1405 7th AVENUE N, ST PETERSBURG, FL 33705 | MLS# U8245876 | Mamba Realty

ST PETERSBURG, FL 33705 1405 7th AVENUE N

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Presented By: 3 POINT REAL ESTATE SOLUTION with 727-743-8541. - 727-743-8541
  • MLS# U8245876
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  • Beds • 4
  • Baths • 4
  • SQFT • 1,656

Home Details

This meticulously renovated 4-unit multi-family property in the highly sought-after Uptown neighborhood of St. Petersburg is the perfect turnkey investment opportunity. Combining historic charm with modern amenities, this fully-leased quadplex generates an impressive $6,082 in monthly rental income and a Net Operating Income (NOI) of $47,468.76 in 2024, delivering a solid 5% cap rate. With strong cash flow and minimal immediate capital expenditure, this property is poised to provide consistent returns and long-term value appreciation. Each of the four units has been tastefully updated with modern finishes, ensuring tenant satisfaction and low maintenance costs. The property features individual electric meters for all units, simplifying management and making utility expenses predictable. Currently, Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with nine months remaining on the lease. Unit 2, located on the second floor, is a studio with a separate kitchen and private bathroom, renting for $1,507 per month with an anticipated renewal at $1,600 per month. Unit 3, also on the second floor, is another studio with a private bathroom, renting for $1,600 per month with eight months remaining on the lease. Unit 4, a ground-floor studio with a full kitchen and private bathroom, rents for $1,275 per month, also with eight months remaining. This 2-story building, built in 1928, boasts timeless architectural character while offering tenants convenient on-site parking and close proximity to Downtown St. Petersburg’s vibrant dining, shopping, and entertainment scene. Its location in the Uptown neighborhood ensures strong rental demand, low vacancy rates, and potential for future rent increases. The total annual gross income for 2024 is $72,984, with room to enhance profitability through modest rent adjustments as leases renew. For investors, this property offers an excellent combination of reliable cash flow, a solid NOI, and long-term appreciation potential. With individual electric meters and a history of meticulous upkeep, property management is streamlined, allowing for a stress-free ownership experience. Financial details, including lease terms and expense breakdowns, are available upon request to help prospective buyers conduct thorough due diligence. Opportunities like this are rare in St. Petersburg’s thriving real estate market. Don’t miss your chance to own a high-performing, fully-leased quadplex in a location that continues to grow in value and appeal. Schedule your private showing today and secure your stake in one of Florida’s most dynamic rental markets!
Presented By: 3 POINT REAL ESTATE SOLUTION with 727-743-8541. - 727-743-8541

Interior Features for 1405 7th AVENUE N

Bedrooms

Total Bedrooms4

Bathrooms

Half Baths0
Total Baths4

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringluxury vinyl
Heating Y/NYes
Laundry Featurescommon area, electric dryer hookup, outside, washer hookup
Total Stories2

General for 1405 7th AVENUE N

Additional Parcels Y/NNo
Applianceselectric water heater, microwave, range, range hood, refrigerator
Building Area Unitssquare feet
Carport Y/NNo
Cityst petersburg
Construction Materialswood frame
Coolingcentral air, wall/window unit(s)
Countypinellas
Directionsfrom downtown st. petersburg: head north on 4th st n. turn left onto 7th ave n. continue for approximately 0.5 miles. the property will be on your right-hand side at 1405 7th ave n. from tampa v
Exterior Featuresawning(s), balcony, dog run, lighting, private mailbox, sidewalk
FULLfee simple
Facing Directionsouth
Flood Zone Codex
Flood Zone Code XY
Full Baths4
Garage Y/NNo
HOAYes
Heatingelectric
Interior Featuresceiling fan(s), open floorplan
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionbon air w 38 1/2 ft of lot 80
Levelsmulti/split
Living Area Unitssquare feet
Lot Size Square Feet2039
Lot Size Unitssquare feet
MLS Area33705 - st pete
Minimum Leaseno minimum
ModificationTimestamp2025-01-14t00:57:19.547z
New ConstructionNo
Occupancy Typetenant
Property Subtypesingle family residence
Property Typeresidential
Roofshingle
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namebon air
Tax Annual Amount4959.58
Tax Lot80
Tax Year2023
Total Rooms13
Utilitiescable available, electricity connected, phone available, sewer connected, street lights, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1928

Exterior for 1405 7th AVENUE N

Building Area Total1844
Foundation Detailsconcrete perimeter
Lot Dimensions38 x 53
Lot Size Acres0.05
Lot Size Area2039
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic

Additional Details

Price History

Jehad Bader

Broker
Price $949,000
MLS#U8245876
Property Type Single Family
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