2630 1st St N, Saint Petersburg, FL 33704

Boutique 4-Unit Apartment Complex with Heated Salt Water Pool Located Just Steps to Coffee Pot Bayou in the Beautiful Neighborhood of Historic Old Northeast!  Boasting a Current Cap Rate of 6.41,  This Mediterranean Revival Property that is Made of Solid Concrete Block has it All, and Was Completely Restored in 2017.  The 4-Units are Split into 2 Separate Buildings, Offering Maximum Privacy and Natural Light for Each Individual Apartment.  The Unit Breakdown is As Follows: 2 Bedroom, 2.5 Bathroom - $2,100 per Month; 2 Bedroom, 1 Bathroom - $1,650 per Month; 1 Bedroom, 1 Bathroom - $1,650 per Month; 1 Bedroom, 1 Bathroom - $1,400 per Month.  Each Unit Has Its Own Private Washer/Dryer, The Hot Water is Supplied by Tankless, Natural Gas Water Heaters, Almost All of the Windows Have Been Replaced, Each Unit has a Brand New or Newer Air Conditioning System and Every Unit Has Gone Through an Extensive Kitchen/Bathroom Renovation.  This Property is the Perfect Investment for the Hands-Off Investor Seeking Instant Cash-Flow in a Premium Location in Booming St. Petersburg.  Every Detail of This Complex is Meticulously Cared For, and the Finish Work Inside and Outside of the Units are a Seamless Blend of Contemporary and Period Accents.  Mature Landscaping, Soaring Oak Trees and Beautiful Black Metal Fencing Perfectly Compliment This One-of-a-Kind Property in the Historic Old Northeast Which Won the Neighborhood Star Award in March 2018.  3-D Tours of Every Unit are Available!