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About this home
540 14th St N is a 1977-built home in Bon Air, St Petersburg. Inside you'll find 23 bedrooms, 26 bathrooms, and 70,480 square feet of living space. Listed at $2,900,000 (about $41/sqft), 331 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Value add portfolio of 18 Units in Downtown St Petersburg including 6 houes, 1 quads, 4 duplexes. 100% occupied with high rents with annual gross of $323,604.Also included in the sale would the lots located between units 610 14th Street and 544 14th St N where you can build additional units. Fantastic location located right next to Baycare's St Anthonys hospital. Property stays consistently occupied due to it's downtown location and proximity to the hospital. Perfect investment to do improvements and increase rents. Rents are 15-20% below market with 60 day termination clauses. Currently going through zoning change to allow more density.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes estimated at 1.55% of price a year. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$2,900,000
$41 per sq ft
Beds and baths
23 beds, 26 baths
Size
70,480 sq ft
Time on market
331 days
Year built
1977
Monthly payment
About $20,321/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $0 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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