4 Beds
2 Baths
1,400 SqFt
4 Beds
2 Baths
1,400 SqFt
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $249
Subdivision St Petersburg Beach Rep
MLS Listing ID TB8337590
Bedrooms 4
HOA Y/N No
Year Built 1954
Annual Tax Amount $7,300
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Source Stellar MLS
Property Description
This is one of the best CASH investment opportunities available in St. Pete Beach. With projected rents of approximately $2,000–$2,500 per unit per month, this duplex offers the best potential for a 10%+ CAP rate after improvements. Buyer to verify all rental projections, expenses, and local rental regulations.
A contractor has provided an attached builder-grade improvement estimate totaling UNDER $35,000 FOR BOTH UNITS COMBINED—not per unit! Investors may also wish to explore potential assistance through the Pinellas County ReCover for Landlords Program, subject to program eligibility and availability.
The property currently has no electricity or water service turned on and is being sold strictly AS IS, CASH ONLY, with the buyer accepting full responsibility for repairs, utility activation, permitting, and due diligence. The deeply discounted price reflects these conditions and creates an exceptional opportunity to renovate, generate strong rental income, and build substantial equity.
Each unit offers two bedrooms, one bathroom, and access to a spacious backyard with low-maintenance xeriscaping. The solid-block building also features several valuable improvements, including a newer roof installed in late 2023, hurricane-rated double-pane windows installed in 2014, and soundproofing between the units.
Located just blocks from the sugar sands of St. Pete Beach, Boca Ciega Bay, and the popular Corey Avenue district, the property is within walking distance of restaurants, shopping, gyms, spas, entertainment, and the Sunday market.
Rent both units for maximum income or occupy one side and lease the other. Short-term or long-term rental use and all applicable regulations must be independently verified by the buyer.
At approximately $200,000 below market value—with estimated builder-grade improvements for both units totaling under $35,000—this is the opportunity cash investors wait for. Bring your contractor, complete your due diligence, and secure it before someone else does!
Location
State FL
County Pinellas
Community St Petersburg Beach Rep
Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl
Interior
Interior Features Eat-in Kitchen, Other, Primary Bedroom Main Floor
Heating Electric
Cooling Central Air
Flooring Ceramic Tile, Concrete
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Cable Available, Sewer Available, Water Available
View Y/N No
Water Access Yes
Water Access Desc Beach
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8337590
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Real Estate Agent License ID: SL3562635
+1(786) 659-6841 | daneibisgarcia@axenrealty.com