About 4631 40th Street N
Under contract-accepting backup offers. 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.
Features of 4631 40th Street N
| MLS® # | TB8412584 |
|---|---|
| Price | $685,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 2,409 |
| Acres | 0.17 |
| Year Built | 1982 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 4631 40th Street N |
|---|---|
| Area | St Pete |
| Subdivision | WILSONS REP |
| City | ST PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33714 |
Amenities
| # of Garages | 1 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Microwave, Refrigerator |
| Heating | Central, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
Additional Information
| Date Listed | August 1st, 2025 |
|---|---|
| Days on Market | 58 |
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX ACTION FIRST OF FLORIDA |
|---|