2,093 SqFt
2,093 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,093 sqft
Price per Sqft $429
Subdivision Rouslynn
MLS Listing ID TB8476365
HOA Y/N No
Year Built 1948
Annual Tax Amount $10,423
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x140
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Exceptional investment opportunity in the highly desirable Old Southeast neighborhood of St. Petersburg. This well-maintained income-producing property consists of two separate duplex buildings, offering immediate cash flow with additional upside potential.
The front building is a single-story duplex featuring two 1-bedroom, 1-bath units. The rear building includes a 1-bedroom, 1-bath unit on the main floor and a spacious 2-bedroom, 1-bath unit upstairs, providing a desirable unit mix for a variety of tenants.
Three units are currently leased at $1,495, $1,495, and $1,450 per month, while one unit is vacant and ready for occupancy at $1,495 per month. The 2-bedroom unit is currently rented below market, with estimated market rent closer to $2,000 per month, creating a strong value-add opportunity for investors seeking increased returns. At market rates, a CAP rate of approximately 6.6% would be achieved.
This property offers solid cash flow today with room for rental growth tomorrow, making it ideal for both seasoned investors and those looking to expand their portfolio.
Located just minutes from vibrant Downtown St. Petersburg, residents enjoy quick access to waterfront parks, Beach Drive, the St. Pete Pier, restaurants, shopping, museums, and major employment centers. The Old Southeast neighborhood continues to see strong demand and long-term appreciation, making this a strategic addition to any investment portfolio.
Don't miss this opportunity to own a versatile, income-producing asset in one of St. Pete's most sought-after locations.
Location
State FL
County Pinellas
Community Rouslynn
Area 33705 - St Pete
Direction S
Interior
Interior Features Ninguno
Heating Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Inside
Exterior
Exterior Feature None, Private Yard
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8476365
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