1. Anthoney Hamrick, REALTOR ®
  2. Tropic Shores Realty
  • MLS#: TB8318076 ( Residential Income )
  • Street Address: 1757 Russell Street S
  • Viewed: 1
  • Price: $699,000
  • Price sqft: $250
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 2796
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 46
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1757 Russell Street S
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PRICED AT ONLY: $699,000

Address: 1757 Russell Street S, SAINT PETERSBURG, FL 33712

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Description
**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property's profitability. Dont miss out on this fantastic opportunity to own a well maintained, cash flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Flooring: Tile
  • Living Area: 2500.00
  • Roof: Built-Up, Membrane
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, Level, Near Public Transit, Oversized Lot, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Other
  • Legal Description: LA PLAZA ADD LOT 4 & N 6.5 FT OF LOT 3
  • Levels: One
  • Area Major: 33712 - St Pete
  • Parcel Number: 25-31-16-50040-000-0040
  • Possession: Close of Escrow
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Headshot for Associate Anthoney Hamrick
  1. Anthoney Hamrick, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.345.2102
  4. findmyflhome@gmail.com