1757 Russell Street South

St. Petersburg, FL 33712

$699,000
Price
8
Beds
2,500 Sq. Ft.
$280 / Sq. Ft.
2,500
Sq. Ft.
$280
per Sq. Ft.
a view of a house with swimming pool
a front view of a house with a yard
a view of an empty room and window
a view of room
a bathroom with a sink toilet and shower
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of a house with a yard
a backyard of a house

Description

QUADPLEX Investment Opportunity in St. Petersburg! Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward...QUADPLEX Investment Opportunity in St. Petersburg! Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property's profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
  1. Listed by Charles Rountree, P.A. • INSTA REAL ESTATE SOLUTIONS

Property Details for 1757 Russell Street South

Subdivision Name
LA PLAZA ADD
Township
31
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 12/03/2024 03:04 PM

Property Details for 1757 Russell Street South

StatusActive
MLS #TB8318076
Days on Market46
Taxes$7,004 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1962
Lot Size0.15 AC / 6,617 SF
CountyPinellas County

Building Information for 1757 Russell Street South

Stories-Residences4Year Built1962Building Size-Lot Size0.15 AC / 6,617 SF

Property Information for 1757 Russell Street South

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2796.0
  • Building Area Units: Square Feet
  • Directions: Here are the turn-by-turn directions from I-275 to 1757 Russell St, St. Petersburg, Florida: 1. **Start on I-275 South**: If you're coming from the north, merge onto I-275 South toward St. Petersburg. 2. **Take Exit 23 for 22nd Ave N (FL-694)**: After approximately 17 miles, take exit 23 toward 22nd Ave N. 3. **Turn Left onto 22nd Ave N**: At the end of the exit ramp, turn left onto 22nd Ave N. 4. **Continue on 22nd Ave N**: Stay on 22nd Ave N for about 3 miles. 5. **Turn Right onto 34th St N (US-19)**: After passing through the intersection with 4th St N, turn right onto 34th St N (US-19). 6. **Turn Left onto 16th Ave N**: After about 1 mile, turn left onto 16th Ave N. 7. **Turn Right onto Russell St N**: Continue for a short distance, then turn right onto Russell St N. 8. **Arrive at 1757 Russell St**: Your destination, 1757 Russell St, will be on your right. Make sure to check for any road closures or detours that may affect your route. Safe travels!
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1757
  • Street Name: RUSSELL
  • Street Suffix: STREET
  • Street Direction Suffix: S
  • State: FL
  • City: SAINT PETERSBURG
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 0
  • Tax Book Number: 55-64
  • Tax Legal Description: LA PLAZA ADD LOT 4 & N 6.5 FT OF LOT 3
  • Tax Lot: 4
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: In City Limits, Level/Flat, Near Public Transit, Oversized Lot, Street Paved
  • Lot Size Dimensions: 82x80
  • Parcel Number: 25-31-16-50040-000-0040
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Living Area: 2500
  • Lot Dimensions: 82x80
Property and Assessments
  • Year Built Numeric: 1962
  • Flood Zone Code: X
  • Flood Zone Date: 09-03-2003
  • Flood Zone Panel: 12103C0218G
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 16
  • Public Survey Section: 25
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Sidewalk
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Built-Up, Membrane
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Heating: Central
  • Interior Features: Other
  • Laundry Features: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $16,184
  • Annual Net Income: $61,396.00
  • Est Annual Market Income: $91,200.00
  • Gross Income: $77,580
  • Unit Count: 1
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 625
  • Unit Type Number Of Units Occupied 1: 4
  • Unit Type Pro Forma 1: 1900
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 4
Rental
Rental Information
  • Tenant Pays: Electricity
  • Total Actual Rent: $6,465
  • Pets Allowed: Yes

Property History for 1757 Russell Street South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1757 Russell Street South

Taxable ValueLand-Additions-Total-
Tax Record2023$4,702 ($392 / month)
Home Facts
Baths4Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories2Lot Size6,617 SqFtStyleQuadraplexYear Built1962Year Renovated1988CountyPINELLASAPN25-31-16-50040-000-0040

Schools near 1757 Russell Street South

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Melrose Elementary School
Public - PK to 5
John Hopkins Middle School
Public - 6 to 8
Gibbs High School
Public - 9 to 12
Perkins Elementary School
Public - PK to 5
Rating
School
Distance
Melrose Elementary School
PublicPK to 5

John Hopkins Middle School
Public6 to 8

Gibbs High School
Public9 to 12

Perkins Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1757 Russell Street South, St. Petersburg, FL 33712

1757 Russell Street South is a multi-family home for sale in St. Petersburg, FL 33712. This property was listed for sale on November 5, 2024 by INSTA REAL ESTATE SOLUTIONS, it's currently listed at $699,000. It has been on the market for a total of 46 days and was last sold on November 29, 2023. This listing's school district is Pinellas. Nearby schools include Melrose Elementary School, John Hopkins Middle School and Gibbs High School. 1757 Russell Street South is a 8-bed, 0-bath, 2,500 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of INSTA REAL ESTATE SOLUTIONS, Charles Rountree, P.A.

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 12/03/2024 03:04 PM