2000 DR MARTIN LUTHER KING JR ST S new Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33705
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
Year Built 1959
Annual Tax Amount $3,235
Lot Size 4,791 Sqft
Property Sub-Type Triplex
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! 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
Interior
Heating None
Cooling None
Laundry None
Exterior
Exterior Feature Lighting,Storage
Garage Spaces 2.0
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8418335