4
$399,000 Sale
Listed 1 day
512 88TH AVE N
· 4
· 3
· -
· 816
Key Facts
Key facts for 512 88TH AVE N
Property Type
Apartment
Parking
0 garage
MLS #
TB8559506
Size
816 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$3,824 /yr
Days on Market
-
Year Built
1958
Maintenance Fee
-
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 sepa...rately 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!
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Listing courtesy of: PEOPLE'S CHOICE REALTY SVC LLC, 813-933-0677

Listings courtesy of Stellar MLS as distributed by MLS GRID.