6315 51ST AVENUE N

Description

Hard to find turnkey triplex in the most coveted corner of St. Pete, next to the best schools in town. The owner’s early retirement offers you the rare chance to snatch up this recently remodeled cash cow investment at below market value. Get three dream homes for the price of one. Live in one of the three spacious units—two 2-bed/1-bath and one 2-bed/2-bath—and rent the others out for ample passive income. What makes this place so special? 1) New roof in 2016. 2) New ACs in all units 2022. 3) Well maintained, with service records available. 4) Separate water/electric meters for all units. 5) Gorgeous tile flooring throughout all units and each with in suite laundry. 6) Long term tenants on month to month leases paying below market rents. 7) High and dry elevated lot, unaffected by recent storms 8) Zoned as a 4-plex and on an oversized lot with plenty of parking spaces. Potential to add another unit.
Investor notes: LTR: 3,800 /mo current, 4,200 potential w/o updates. Very little nearby competition.
STR: 85.7k gross /yr, at only half year occupancy.
Low-maintenance, income-producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.