725 8th Street North

St. Petersburg, FL 33701

$888,000
Last Sold Price
—
Beds
4,559 Sq. Ft.
$195 / Sq. Ft.
4,559
Sq. Ft.
$195
per Sq. Ft.

Description

Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which...Here it is, an investment opportunity that stands out from the crowd! 8 units split between 2 buildings on a quiet lush green street in the heart of Historic Uptown. The first building, which faces the street, is a 4/3 bungalow which has been very well maintained over the years. The second building, separated by a courtyard, is a three story, 7-unit apartment building. The apartment building is comprised of 5: 1bed/1bath efficiencies, 1: full 1bed/1bath unit, and 1: 2bed/1bath on the top floor which has been recently updated with NEW BAMBOO FLOORING and NEW BATHROOM TILE. All units are fully rented. Each unit is separately metered for electric. Both buildings have had their electric/plumbing updated, as well as new (2018) A/C in the main house. Main house has a NEW ROOF installed SEPTEMBER 2020 and back building will be receiving a NEW ROOF PRIOR TO SALE. Home was tented for termites August 2020 with a year warranty. This property has an NOI of $62,472 with potential to be raised by bringing all units to market rent as well as space to add shared laundry in the back of the apartment building for extra income. This is a turn-key rental located just 1.5 miles from Vinoy Park and just 1 mile North of Central Ave. Highly desirable location with great tenants, no vacancies here! Finances in attachments.
  1. Listed by Marvin Kelta • SELLSTATE LEGACY REALTY

Property Details for 725 8th Street North

Subdivision Name
KINYON & WOODS ADD
Township
31
Waterfront
No

Location

Listing Courtesy of SELLSTATE LEGACY REALTY, Marvin Kelta

Sold By ENGEL & VOLKERS MADEIRA BEACH, Gina Timmins

Add your commute
LISTING UPDATED: 02/19/2021 04:28 PM

Property Details for 725 8th Street North

StatusSold
MLS #T3265404
Days on Market89
Taxes$7,558 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1926
Lot Size0.13 AC / 5,767 SF
CountyPinellas County

Location

Listing Courtesy of SELLSTATE LEGACY REALTY, Marvin Kelta

Sold By ENGEL & VOLKERS MADEIRA BEACH, Gina Timmins

Add your commute

Building Information for 725 8th Street North

Stories-Residences8Year Built1926Building Size-Lot Size0.13 AC / 5,767 SF

Payment Calculator

$5,476 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,846

Property Taxes

$630

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 725 8th Street North

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 5684.0
  • Building Area Units: Square Feet
  • Directions: From 275 take Martin Luther King exit. Turn left onto 8th St N. Turn right onto 7th Ave N. Turn Left onto 8th St N. Home is on the right.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
  • Parking Features: On Street
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: B
  • Tax Book Number: H1-66
  • Tax Legal Description: KINYON & WOODS ADD BLK B, S 45FT OF LOT 14
  • Tax Lot: 14
  • Tax Year: 2019
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Sidewalk, Street Brick, Street One Way
  • Lot Size Dimensions: 45x128
  • Parcel Number: 18-31-17-46836-002-0140
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
Property and Assessments
  • Flood Zone Code: X
  • Homestead: No
  • New Construction: No
  • Property Attached: No
  • Property Condition: Completed
  • Public Survey Range: 17
  • Public Survey Section: 18
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water - Multiple Meters, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Exterior Features: Fenced, Lighting, Rain Gutters, Sidewalk, Storage
  • Foundation Details: Crawlspace
  • Levels: Three Or More
  • Other Structures: Storage
  • Patio And Porch Features: Front Porch, Porch, Rear Porch
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Additional Rooms: Attic
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Wood
  • Heating: Electric, Space Heater, Wall Units / Window Unit
  • Interior Features: Crown Molding, High Ceiling(s), Living Room/Dining Room Combo
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $63,816.00
  • Est Annual Market Income: $97,200.00
  • Gross Income: $90,408
  • Unit Count: 4
Unit 1
  • Unit Type Heated Sq Ft 1: 1442
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 2450
  • Unit Type Type 1: 4+ Bed/2+ Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 900
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 725
  • Unit Type Type 3: 1 Bed/1 Bath
  • Unit Type Units Total 3: 1
Unit 4
  • Unit Type Number Of Units Occupied 4: 5
  • Unit Type Pro Forma 4: 3347
  • Unit Type Type 4: Efficiency
  • Unit Type Units Total 4: 5
Rental
Rental Information
  • Tenant Pays: Electricity
  • Pets Allowed: Yes

Property History for 725 8th Street North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 725 8th Street North

Taxable ValueLand-Additions-Total-
Tax Record2023$17,246 ($1,437 / month)
Home Facts
Baths10Total Finished SqFt1,442 SqFtAbove Grade Finished SqFt1,442 SqFtStories1Lot Size5,767 SqFtStyleMulti-Family Res (5+ Units)Year Built1926Year Renovated1996CountyPINELLASAPN18-31-17-46836-002-0140

Schools near 725 8th Street North

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Shore Elementary School
PublicK to 5

John Hopkins Middle School
Public6 to 8

St. Petersburg High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SELLSTATE LEGACY REALTY, Marvin Kelta

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 02/19/2021 04:28 PM