$750,000
$800,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1053 5TH ST N St Petersburg, FL 33701
3 Beds
3 Baths
1,752 SqFt
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,752 sqft
Price per Sqft $428
Subdivision Flahartys Wm Add
MLS Listing ID U8208559
Sold Date 09/01/23
Bedrooms 3
HOA Y/N No
Originating Board Stellar MLS
Year Built 1925
Annual Tax Amount $5,334
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40x100
Property Description
Under contract-accepting backup offers. Welcome to 1053 5th St N, a beautifully updated triplex in the heart of Historic Uptown, St. Petersburg. This property presents a fantastic opportunity for "house hacking" – a concept that's perfect for savvy buyers looking to maximize their investment. The triplex includes a front duplex and a FULLY FURNISHED charming back cottage, all centered around a serene courtyard. Each unit offers modern amenities while preserving historic charm, making it an ideal live-and-rent opportunity. You can live in one unit while renting out the others, significantly offsetting your mortgage and expenses. Updates include a brand new HVAC, updated electrical and plumbing, updated kitchens, recessed LED lighting, smart locks, and newer appliances. Located just steps away from downtown St. Pete, residents can enjoy a vibrant lifestyle with access to restaurants, art galleries, and shops. The courtyard provides a peaceful oasis for residents to relax and socialize. Currently operating as a 6.37% cap rate investment with value add potential to perform as an 8% cap rate or higher. Owner financing is available for qualified buyers with 50% down. Don't miss this unique opportunity to own a piece of history in Historic Uptown!
Location
State FL
County Pinellas
Community Flahartys Wm Add
Direction N
Interior
Interior Features Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Fireplace true
Laundry Laundry Closet
Exterior
Exterior Feature Fence, Lighting, Sidewalk
Parking Features Driveway, Off Street, On Street, Parking Pad
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with COASTAL PROPERTIES GROUP INTERNATIONAL
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