Description

Income-producing duplex generating $3,250 per month ($39,000 annually) located in the heart of St. Petersburg. This fully rented property offers a great opportunity for investors looking to expand their rental portfolio with a stabilized income-producing asset in one of the area’s strongest rental markets. The upstairs unit features a spacious 2-bedroom, 1-bathroom layout that has been updated with a new A/C unit, new range, new tub liner, and fresh interior paint, creating a clean and comfortable living space. One of the standout features of the upstairs unit is the pull-down attic staircase that leads to additional air-conditioned bonus storage space with finished flooring and trim. This versatile area has been used by the current owners for additional sleeping space or storage, offering functionality that is rarely found in properties of this size. The downstairs unit has been professionally storm remediated and updated with new drywall, fresh interior paint, a new toilet, and a sump pump installation, providing peace of mind for future ownership. Several major capital improvements have already been completed, including a brand-new roof (2025), new water line installed from the curb stop, patched and repainted exterior, and a termite bait system for preventative protection. The property also features a newer exterior washer and dryer installed in 2024 for tenant convenience. Situated on a fully fenced lot, this property is centrally located with easy access to Downtown St. Petersburg, major roadways, shopping, dining, and entertainment, and is approximately 20 minutes from St. Pete Beach. With solid rental income, recent improvements, and a prime central location, this property presents an excellent opportunity for investors seeking a turnkey income-producing property with long-term potential in the growing St. Petersburg market.