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Key Facts

Type Duplex
Levels Residential Income
Size 1400 sqft
Garage No
Taxes $7,300
Days Active 186
Lot Size 
Approx. Age 1954
Avg. Price Per Sqft $371
MLS® Number TB8337590

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Another price reduction of $20K in addition to the previously $75K PRICE DROP – Investor Opportunity in St. Pete Beach! This exceptional income-producing duplex offers a rare combination of coastal lifestyle, location, and investment potential with a current cap rate of 9% and a projected 10%+ CAP rate. Located just blocks from the pristine sands of St. Pete Beach, Boca Ciega Bay, and the popular Corey Avenue Farmers Market, this property is ideal for short- or long-term rental income (buyer to verify local STR regulations). Each unit features two bedrooms and one bathroom with private outdoor spaces, back unit has a large yard & private back fence surrounded by low-maintenance xeriscaping. The property is being sold AS IS and sustained minor interior damage from recent hurricanes, providing a chance for value-add upgrades. This solid-block duplex is very durability with ease of ownership, some structural features include a roof installed in late 2023 (less than 2 years old), hurricane-rated double-pane windows (2014), and soundproofing between units—ensuring long-term durability, comfort, and lower future maintenance costs - making it attractive for both tenants and owner-occupants. Ideally located within walking distance to restaurants, spas, gyms, shops, and entertainment. With projected rental income of $2400–$2700 per unit/month, offering strong cash flow potential, Investors can maximize returns by renting both units or occupying one and leasing the other. Don’t miss this rare opportunity to own a low-maintenance, income-generating duplex in one of Florida’s most desirable coastal markets.Show Description
MLS® NumberTB8337590
Laundry LevelOther
Central VacNo
FireplaceNo
Acreage0.12
ExteriorOther
GarageNo
Approx. Age1954
Basement
Driveway
Garage Spaces
HeatElectric
A/CCentral Air
Heating Fuel

Extras

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