tomo logo

$639,000

Beds
4
Baths
2.0
sq ft
1,308

1043 7th Ave N, Saint Petersburg, FL 33705

1043 7th Ave N

SAINT PETERSBURG, FL 33705

  • 20 days on market
    • Price drop $20,000↓
DOWNTOWN ST. PETE CASH COW!!! Instant Rental Opportunity! FULLY FURNISHED & READY TO GO! This remodeled income-producing duplex has EVERYTHING new and set up for short-term or long-term tenants. Both units come with brand-new beds, couches, kitchenware, TVs, linens, desks, & more! Property Highlights: 2018 roof, 2022 & 2015 water heaters, new paint inside and out, newer AC units, 1 car garage OR rent garage storage space for addition income, brand new washer/dryer in garage, private parking for both units, outdoor seating area. This property offers low operating costs for landlords since tenants cover utilities. Each unit includes an extra den, perfect for a home office. With a potential rental income of more than $5,300 month ($2,650- $3,000 per unit) and the additional rental value of the garage space, this property is a high-yield investment. The location is unbeatable, just a 15-minute walk to Central Ave, Tropicana Field, and with a hospital and police barracks on the same street, this property ensures a safe and desirable living environment. For added convenience, the termite contract is transferable. Call today for more information! Don't miss out on this turnkey rental gem in one of St. Pete's most desirable areas! Tenant occupied units, showings will need to be scheduled with 24 hour notice.

Details

Property type

Est. home value

$578,638

Lot size

2,749 sq ft

Price per sq ft

$489

Year built

1915

Annual property taxes

$7,943

HOA

No

Price History

12/02/2024
StellarMLS

StellarMLS #TB8326103

Listed
$639,000
+20.57%
03/28/2023
StellarMLS

StellarMLS #U8187764

Sold
$530,000
+23.26%
03/11/2022
StellarMLS

StellarMLS #U8151563

Sold
$430,000
+125.13%

Schools & Community

Neighborhood: 

Historic Uptown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$78,286
Asking price
$639,000
Closing costs (~8% of asking)
-$51,120
Est. remaining loan balance
-$509,594
Cash to seller
$78,286

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

March 2023

Original loan amount

$520,222

Est. remaining balance

$509,594

Interest rate

6.12%

Loan type

FHA, 30 year

Seller

Michael Harold White Jr and Tricia Marie White

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:15 PM

Listing updated: 12/08/2024 at 7:45 PM

Listed by: Tricia White, CENTURY 21 BEGGINS Phone #: (800) 541-9923

MLS: StellarMLS #TB8326103

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