South St Petersburg Income
1908 & 1908 1/2 43RD S STREET, St Petersburg, FL 33711
Two-unit property in South St. Petersburg, near parks and beaches.
Type:Multi Family
Property size:
1,614 SFPrice / SF:
$216/SF- Added:
- Nov 12, 2024
- Days on Market:
- 567
- Last Refresh:
- Apr 16 at 6:12 am
Property Features for 1908 & 1908 1/2 43RD S STREET
General Information
- Standard status
- Active
- Size
- 1,614 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1952
Listing agent Kym Ottaviani License #418034 (727) 867-3767
Listing office REX RENTALS & REALTY INC (727) 867-3767
Listing date Nov 12, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of REX RENTALS & REALTY INC
HighLights
- Licensed as a 2‑unit property in St. Petersburg.
- Separate water and electric meters for each unit.
- Prime location in South St. Petersburg, close to interstate, parks, and Gulfport beach.
- Potential to expand the footprint of the front house and/or garage apartment (buyer to verify).
- Front house has central AC/Heat.
- Garage apartment included.
Overview
Located in South St. Petersburg, this property is minutes from the interstate, parks, and Gulfport beach. The property is licensed as a two-unit building by the city of St. Petersburg. It features separate water and electric meters. The layout of the property offers potential for expansion of the front house or the garage apartment, subject to approval and permitting, which must be verified by the buyer. The front house is equipped with central AC/Heat, while the garage apartment has wall/window AC. The property size is 1614 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $17.88 |
| − Vacancy | −$1.9k | −$1.21 |
| EGI | $26.9k | $16.67 |
| − OpEx | −$8.1k | −$5.00 |
| NOI | $18.8k | $11.67 |
1,614 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.1K
$235.5K – $314.0K
NOI $18,839 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$419.8K
$367.3K – $489.8K
NOI $29,387 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.690749
- Latitude
- 27.7508409
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property in South St. Petersburg, near parks and beaches.
Where is this duplex located?
The property is located at 1908 & 1908 1/2 43RD S STREET St Petersburg, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Licensed as a 2‑unit property in St. Petersburg.; Separate water and electric meters for each unit.; Prime location in South St. Petersburg, close to interstate, parks, and Gulfport beach.
