4631 40th Street North

St. Petersburg, FL 33714

$765,000
Price
8
Beds
2,409 Sq. Ft.
$318 / Sq. Ft.
2,409
Sq. Ft.
$318
per Sq. Ft.

Description

Rare opportunity to own a building with 8 units. Central location in Lealman that is located in a non evacuation & non flood zone.. Block construction and built in 1982. Roof was replaced in 2013 Electric and some plumbing has been updated. Long time month to month tenants currently occupy the property and the units are currently rented at a price that is well below the local market. The street was recently redone including new sidewalk. The landlord uses the oversized 1 car garage for storage. Landlord...Rare opportunity to own a building with 8 units. Central location in Lealman that is located in a non evacuation & non flood zone.. Block construction and built in 1982. Roof was replaced in 2013 Electric and some plumbing has been updated. Long time month to month tenants currently occupy the property and the units are currently rented at a price that is well below the local market. The street was recently redone including new sidewalk. The landlord uses the oversized 1 car garage for storage. Landlord pays all utilities. Estimated monthly utilities Electric $660, Water, Sewer & Trash $300, Cable $183, Gas $60. Two central A/C units provide heat and air. There is natural gas for the two hot water tanks , gas heat and the gas range in unit #8. This property has lots of potential to grow the current income stream.
  1. Listed by Paul Traxler • RE/MAX METRO

Property Details for 4631 40th Street North

Subdivision Name
WILSONS REP
Township
31
Garage Spaces
1
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 12/09/2024 12:32 PM

Property Details for 4631 40th Street North

StatusActive
MLS #U8219428
Days on Market412
Taxes$6,368 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1982
Lot Size0.17 AC / 7,488 SF
CountyPinellas County

Building Information for 4631 40th Street North

Stories-Residences8Year Built1982Building Size-Lot Size0.17 AC / 7,488 SF

Property Information for 4631 40th Street North

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2759.0
  • Building Area Units: Square Feet
  • Directions: 38th Ave N to 40th Street N. Head North past 46th Ave N. Property will be on the next corner.
  • Mls Major Change Type: Price Increase
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 4631
  • Street Name: 40TH
  • Street Suffix: STREET
  • Street Direction Suffix: N
  • State: FL
  • City: ST PETERSBURG
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage Dimensions: 14x22
  • Garage: Yes
  • Parking Features: Driveway, Open, Oversized, Parking Pad
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 000
  • Tax Book Number: 29-35
  • Tax Legal Description: WILSON'S REPLAT LOTS 1 AND 2
  • Tax Lot: 1
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 59x100
  • Parcel Number: 03-31-16-98226-000-0010
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R-3
  • Living Area: 2409
  • Lot Dimensions: 59x100
Property and Assessments
  • Year Built Numeric: 1982
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 16
  • Public Survey Section: 03
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Natural Gas
  • Interior Features: Other, Stone Counters
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $20,767
  • Annual Net Income: $30,713.00
  • Est Annual Market Income: $69,900.00
  • Gross Income: $51,480
  • Total Monthly Expenses: $1,730
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Description 1: Smallest efficiency Units Include micro & mini fridge. Current Leases are at an Avg of $495 per month.
  • Unit Type Garage Spaces 1: 0
  • Unit Type Number Of Units Occupied 1: 5
  • Unit Type Pro Forma 1: 625
  • Unit Type Type 1: 1 Bedroom
  • Unit Type Units Total 1: 5
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Description 2: Larger Corner studio units include an apt size range and refrigerater. Current rent is at $585 per month.
  • Unit Type Garage Spaces 2: 0
  • Unit Type Number Of Units Occupied 2: 2
  • Unit Type Pro Forma 2: 750
  • Unit Type Type 2: 1 Bedroom
  • Unit Type Units Total 2: 2
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Description 3: Largest Unit would be ideal for owner suite Has indoor laundry room. Current rent is $645 per month.
  • Unit Type Garage Spaces 3: 0
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 1200
  • Unit Type Type 3: 1 Bed/1 Bath
  • Unit Type Units Total 3: 1
Rental
Rental Information
  • Total Actual Rent: $4,290

Property History for 4631 40th Street North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4631 40th Street North

Taxable ValueLand-Additions-Total-
Tax Record2023$7,107 ($592 / month)
Home Facts
Baths8Total Finished SqFt2,409 SqFtAbove Grade Finished SqFt2,409 SqFtStories1Lot Size7,488 SqFtStyleMulti-Family Res (5+ Units)Year Built1982Year Renovated1994CountyPINELLASAPN03-31-16-98226-000-0010

Schools near 4631 40th Street North

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Blanton Elementary School
PublicPK to 5

Tyrone Middle School
Public6 to 8

Dixie M. Hollins High School
Public9 to 12

Alfred Adler Elementary School
CharterK to 8

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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4631 40th Street North is a multi-family home for sale in St. Petersburg, FL 33714. This property was listed for sale on November 1, 2023 by RE/MAX METRO, it's currently listed at $765,000. This listing's school district is Pinellas. Nearby schools include Blanton Elementary School, Tyrone Middle School and Dixie M. Hollins High School. 4631 40th Street North is a 8-bed, 0-bath, 2,409 sqft multi-family home built in 1982.

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 RE/MAX METRO, Paul Traxler

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: 12/09/2024 12:32 PM