DOWNTOWN ST PETE CASH COW with NET CAP of possibly almost 9% !!! This fully remodeled income building with 2 units has it all : newer roof, new paint outside and inside, newer AC units, great outdoor sitting area for tenants, expected rent furnished for travelling nurses $4,400.00/m ($2,200/unit) or even more (information from property manager in area), for the 2 existing units, NOT even including value and rent of the garage and separate driveway !!
Also both units have next to the 2 bedrooms an EXTRA den/office space (downstairs a smaller den) !!
And with low costs for landlord (electric and water/sewer/trash are paid by tenants) the difference to net income is minimal! Unusually for an income property, it would even be easy to provide 2 parking spaces per unit PLUS rent garage with driveway separately rented (you can park 2 cars -1truck and motorcycle behind each parking per unit), but there is also parking on the street available.
Pictures of first floor unit are taken before tenant moved in, for privacy reasons.
The inside units are fully redone, with newer appliances, floors, cabinets, wood countertops and more!! Next to the bedrooms in each unit, there is also an EXTRA DEN included, that can serve as office. Finally walking to downtown St Pete in minutes, makes this an extremely desirable investment property!!
New paint, newer roof and recently tented for termites last year makes this an even more interesting investment !!!