421 11th Ave NE 2 Unit Apartment Building $1,814,696 CAD ($907,348 CAD/Unit) 7.30% Cap Rate Saint Petersburg, FL 33701

Rare Opportunity to own Completely Renovated Income Producing Property in the highly desirable neighborhood of Historic Old Northeast! This Quadplex boasts four units, each thoughtfully designed to maximize comfort, style and efficiency. Plenty of natural light, creating a bright and airy atmosphere. Sold fully furnished and upgraded to modern living lifestyles. Non-Flood Zone. Non-Evacuation Zone. Safe and Dry after the hurricanes. High end finishes have been used throughout the entire property. Additionally, each unit features its own off-street parking place and a shared laundry. Both buildings are also sharing the serene, fully fenced yard, perfect for entertaining. The main residence, an updated single-family home, features two spacious bedrooms and two baths. The two-story building is located at the back of the property yard and consists of three additional apartments: two are located on the first floor and one is upstairs with its own outside staircase and separate entrance for privacy. This unit boast a spacious enclosed balcony. Entirely surrounded by windows, this space features plenty of natural light which creates a cozy and welcoming atmosphere. This unique QUADPLEX is nestled in one of most sought-after neighborhoods in St. Petersburg with brick streets, towering oak trees and it is just 3 blocks off the North Shore waterfront and parks. It is easily walkable to all of downtown St. Pete includes restaurants, marinas, world class museums, markets, shopping, the Pier and weekend festivals. Experience the perfect blend of urban convenience and Old Florida charm in St. Petersburg's Most Desired Neighborhood, Old Northeast. The main house and apartments operate at virtually 100% occupancy as a lucrative and efficient investment property. Tenants typically remain for multiple years due to the great location and quality of life here. The entire property can be rented or the owner could live in the front single family home and rent the remaining units. Single family home - 2 bedrooms, 2 full baths; Downstairs apartment - 1 bedroom, 1.5 baths; Downstairs studio; Upstairs apartment - 1 bedroom, 1 bath;