USAFLSt PetersburgHomeville 2 Add2000 Dr Martin Luther King Jr St S
2000 Dr Martin Luther King Jr St S, Home with 6 bedrooms, 3 bathrooms and null parking in St Petersburg FL | Image 1
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$400,000

2000 Dr Martin Luther King Jr St S, St Petersburg, FL

Real Estate

For Sale

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630
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2260 sqft
Garage Yes
Taxes $3,235
Days Active 0
Lot Size 
Approx. Age 1959
Avg. Price Per Sqft $176
MLS® Number TB8418335

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. The property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans, framing nearly complete, HVAC/ductwork installed, and newer plumbing and electric. The City of St. Petersburg has APPROVED $98, 000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244, 700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2, 343/month, meaning this property would generate around $85, 000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!Show Description
MLS® NumberTB8418335
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.11
ExteriorLighting, Storage
GarageYes
Approx. Age1959
Basement
Driveway
Garage Spaces
HeatNone
A/CNone
Heating Fuel

Extras

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