2788 41st Ave N, Saint Petersburg, FL 33714
- Triplex
- Unit A & B: 3 beds | 1 bath
- Unit C: 2 beds | 1 bath
- 2,668 sqft living area
- Lot size: 5,624 sqft
- Year built: 1951
- Flood Zone AE (no reported flooding)
Asking Price: $450,000
Projected Monthly Rent: $4,800+ (3 units combined)
Projected Cap Rate: 7.5%+
Current Rents:
- Unit A – $1,300 (month-to-month)
- Unit B – $1,050 (month-to-month)
- Unit C – $850 (lease ends end of July)
Key investment highlights:
- Stable occupancy with long-term tenants in place (8–10 years)
- Immediate upside through rent adjustments across all units
- Major capital improvements already completed, including roof (2023), plumbing, and electrical panel
- Updated HVAC in Units A and B, with functional systems in Unit C
- Strong rental upside with projected total income of ~$4,800+ per month
- Located in a consistent demand rental area of St. Petersburg
- Opportunity to increase cash flow with minimal additional capital improvements
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Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
