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For Sale

1162 HIGHLAND STREET N

1162 HIGHLAND STREET N, ST PETERSBURG, FL 33701

$500,000
Incredible opportunity for those looking for investment properties in Crescent Lake. This home is part of a Crescent Lake multifamily portfolio, which includes a duplex, a triplex, and a quadplex all right in the heart of Crescent Lake. The detached garage already has plumbing and electric in place for a studio apartment conversion. A lot of the capital expenditures have already been taken care of so put some finishing touches on these properties and this portfolio will be a CASH COW! Each of these properties can be purchased separately, but a significant discount will be given to a buyer who buys the whole portfolio. This home and each property in the portfolio is tenant occupied at below market rent. A pro forma analysis suggests this home and the portfolio would perform as a 8% cap rate investment after lease trade outs. There are so many possibilities! Call today and hear all about how you can help this portfolio realize its' true potential along with complete financials, rent rolls, upgrades, and specs of this property.

2
beds

2
baths

810 Sq.Ft. LIVING AREA

0.07 Acres lot

Features & Amenities

Interior

  • total bedrooms2
  • Total bathrooms2
  • other interior Features Stone Counters, Thermostat, Window Treatments

Area & Lot

  • Status For Sale
  • Living Area810 Sq.Ft.
  • Lot Area0.07 Acres
  • MLS® IDU8172700
  • TypeMULTI_FAMILY
  • YEAR BUILT1925

Exterior

  • Garage Space1
  • water SourcePublic
  • utilitiesCable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
  • roofShingle
  • HEAT TYPECentral, Electric
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureWood Frame
  • other exterior FeaturesFence, Lighting, Sidewalk

Financial

  • Sales Price$500,000
  • Real Estate Tax $4,277/yr

Work With Chris

Chris will bring all his experience and knowledge to assist you successfully through your real estate transaction and will do it with a level of professionalism and high standards that you should expect from a full-time professional real estate advisor.

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