2025 7TH STREET S SAINT PETERSBURG FL 33705 MLS #U8248112 | Gary Kusher | Florida Real Estate

INCREDIBLE CASH-FLOWING PROPERTY !!!!

*8-Unit Multifamily Investment Opportunity in Downtown St. Petersburg!*

*Location:* Just minutes from downtown St. Petersburg, this property offers unparalleled access to the city’s vibrant amenities, attractions, and employment opportunities.

*Property Highlights:*

– 8 spacious units full updated in 2021/2022 (6 units 1 bed , 1 unit 2 beds , 1 unit 3 beds 2 baths)
– 11 bedrooms and 9 bathrooms.
– Gated front and back yards provide privacy and security
– On-site laundry room for added convenience
– Beautifully landscaped grounds with ample parking
– Strong income potential with most tenants under housing authority programs
-800sqft storage on site not cash-flowing at the moment (you can get extra money on renting it. $500/600 monthly even more if you split it) or convert it in extra bedrooms , it is already considered heated sqft.

*Financial Highlights:*
– Monthly income $13,420
– Gross Annual Income: $161,020+
– Net Operating Income (NOI): $123,900+
– Cap Rate: 7.3 %
– Average Rent per Unit: $1,677

*Additional Features:*

– Individual unit meters for electricity and water
– Security cameras and motion-sensitive lighting
– Close proximity to public transportation, shopping, and dining

*Don’t miss out on this exceptional opportunity to own a cash-flowing multifamily property in one of St. Petersburg’s most growing neighborhoods next to Downtown!*