512 88TH Avenue N
Property Description
Great investment opportunity in St. Petersburg with existing rental income and excellent expansion potential! This property features two separate 1-bedroom, 1-bathroom units, **both currently tenant-occupied and generating rental income**, along with a detached 2-car garage that has been rented separately for storage, providing an additional income stream. A major highlight of this property is the **City of St. Petersburg-approved building plans and permit for a third residential unit!** The planned addition consists of a 2-bedroom, 1-bathroom unit above the existing detached garage, while preserving the 2-car garage below for continued use or potential rental income. The approved building plans and permit convey with the sale, saving the new owner the considerable expense of having plans prepared and the time involved in obtaining city approvals and permits. This provides a significant head start for an investor looking to maximize the property's income potential. With two existing income-producing units, the opportunity to add a third residential rental unit, and additional garage rental income, this property offers excellent potential for increased cash flow and long-term investment value!
Broker Details
PEOPLE'S CHOICE REALTY SERVICES LLC (813) 933-0677
MLS ID: 261547125 State License Number: 3265710
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $399,000 |
| No. of Units: | 3 |
| Year Built: | 1958 |
| Lot Size: | 816.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $133,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-MFRMLSFL-TB8559506
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