4480 40TH ST N Pending Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33714
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,954 sqft
Price per Sqft $216
Subdivision 520000-520000
MLS Listing ID TB8367052
Bedrooms 10
Year Built 1969
Annual Tax Amount $11,982
Lot Size 0.930 Acres
Property Sub-Type Multi Family
Property Description
Under contract-accepting backup offers. Multi-Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi-unit property is a rare opportunity for the savvy investor. It is just minutes from downtown St. Petersburg, I-275, and US-19. Featuring five duplexes, including studio and 1-bedroom units, each with its own screened-in front porch, and a separate 2-bedroom single-family home, this income-producing compound is full of potential. While the structures are currently occupied and livable, some units may benefit from cosmetic updates and TLC, making this an ideal value-add investment. The layout and variety of units lend themselves well to long-term tenants, short-term rentals, or a mixed-use strategy. A quiet setting with old-Florida charm, this property invites you to reimagine its future. Whether you're looking to renovate and increase rental income or hold as-is, this is a chance to own a rare collection of units on a beautiful shaded lot. See attached PDF for details.
Location
State FL
County Pinellas
Community 520000-520000
Area 33714 - St Pete
Zoning R-4
Interior
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Linoleum,Tile,Wood
Laundry None
Exterior
Exterior Feature Storage
Utilities Available BB/HS Internet Available,Cable Available,Electricity Connected,Phone Available,Public,Sewer Connected,Water Connected
View Trees/Woods
Roof Type Shingle
Building
Lot Description Level,Paved
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Frame
New Construction false
New Construction false
Schools
Elementary Schools New Heights Elementary-Pn
Middle Schools Tyrone Middle-Pn
High Schools St. Petersburg High-Pn
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://youtu.be/kfpNj7CRh7E