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TOUCHSTONE REAL ESTATE

info@touchstonerealestate.com +1(352) 223-0053

$ 400,000

Est. payment -/mo

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New

2000 DR MARTIN LUTHER KING JR ST S St Petersburg, FL 33705

6 Beds

3 Baths

2,260 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,260 sqft

Price per Sqft $176

Subdivision Homeville 2 Add

MLS Listing ID TB8418335

Bedrooms 6

HOA Y/N No

Year Built 1959

Annual Tax Amount $3,235

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 43x110

Property Sub-Type Triplex

Source Stellar MLS

New Construction false

Property Description

Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans, framing nearly complete, HVAC/ductwork installed, and newer plumbing and electric. The City of St. Petersburg has APPROVED $98,000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244,700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property would generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!

Location

State FL

County Pinellas

Community Homeville 2 Add

Area 33705 - St Pete

Direction S

Interior

Interior Features Ninguno

Heating None

Cooling None

Fireplace false

Laundry None

Exterior

Exterior Feature Lighting, Storage

Garage Spaces 2.0

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8418335

Listed by COMPASS FLORIDA LLC

TOUCHSTONE REAL ESTATE

COMPANY OWNER PAGE | BKCQ1051231

+1(352) 223-0053

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TOUCHSTONE REAL ESTATE

2000 DR MARTIN LUTHER KING JR ST S St Petersburg, FL 33705

Key Details

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2000 DR MARTIN LUTHER KING JR ST S