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Listing ID: U8151113
3470 40TH WAY N, ST PETERSBURG, FL 33713
3 Beds
1 Baths
1,202 Sqft

This is a 3 Bedroom 1 Bathroom Block Home with covered parking area/carport located in Saint Petersburg Florida. Buy your first home, Stop paying rent or start your own business by leasing out a tested and proven income property! Professional property management is in place if you wish to retain their services. With mostly minor cosmetic repairs you could save money buying this home in AS/IS condition or you could wait for repairs/updates to be complete by the owner which are soon to be underway. The roof was replaced in 2015. Listed price reflects updates and repairs to be done. Owner plans to update and repair but is willing to accept offers for AS/IS condition. Third Bedroom is a converted patio (Square footage on Property Appraiser does not include this space/please see executive summary attached). Current 2021 CAP Rate was 2.8. An Investor could easily reach 4.6 or higher with a rent increase (Please see attached Executive summary/please contact me if you cannot find it). This has been a great investment property with plenty of room for improvements and rent increase. If you have any further questions or would like to schedule a showing please reach out to me directly.

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Property Info
Property Type : Single Family Home
Property Status : Sold
Sold Date : 02/18/2022
Sold Price : $275,000
Listing ID : U8151113
Price : $295,000
Bedrooms : 3
Bathrooms : 1
Square Footage : 1,202 Sqft
Price/SqFt : $245
Lot Area : 0.10 Acre
Year Built : 1972
Property Details
Pool : Yes
Fireplace : No
Garage : No
Carport : Yes
Carport Spaces : 1
Flooring : Tile, Laminate
Heating System : Central
Cooling System : Reverse Cycle
Exterior Features : Fenced
Interior Features : Ceiling Fans(s), Thermostat
Waterfront : No
Construction Details
New construction : Yes
Age Restrictive : No
HOA and Financial Details
CDD : No
Annual Taxes : $3,589
Tax Year : 2021
Homestead : No
Available Financing : Cash
Sewer Information : Public Sewer
Utilities for Property : Electricity Connected, Sewer Connected, Water Connected, Public
Virtual Tour : View Virtual Tour
Address Info
State : FL
County : Pinellas
Subdivision : THUMA
Street : 40TH
Street Number : 3470
Street Suffix : WAY
Floor Number : 0
Street Dir Suffix : N
Parcel Number : 10-31-16-90774-000-0630
MLS Addon
Office Name : HOMESMART
Agent Name : Mike Ovitt, Jr
On Market Date : 02/02/2022
Status Change Timestamp : 02/22/2022 22:02:23
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