Residential Property - Single Family Residence in St Petersburg
Listing Price: $549,900 (Mortgage Calculator →)
Description of Property
Virtually Staged. Investor Special! Fully updated duplex featuring two identical 4BR/2BA units (1,224 SF each) with excellent cash-flow potential. Each unit is currently listed for rent at $2,995/month, with HUD Fair Market Rent up to $3,195/month, providing immediate upside. Opportunity to achieve a 10%++ cap rate and strong DSCR financing potential. Recent improvements include updated roof, updated kitchens, updated bathrooms, new flooring, new lighting, butcher block countertops, and washer/dryer hookups in each unit, creating a low-maintenance investment with minimal deferred maintenance. Each unit also features a private fenced backyard. Situated on an oversized corner lot, the parcel also includes a separate detached concrete RV parking pad/lot - which can be rented for an additional $650/month adding even more value to this property. Just minutes from Downtown St. Petersburg, shopping, dining, major employers, and local colleges—an area with consistently strong rental demand. Ideal for buy-and-hold investors, DSCR buyers, or a 1031 exchange, with immediate income potential and room for future rent growth.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: St Petersburg
County: Pinellas
Subdivision: Armstrongs Sub F A
Bedrooms: 8
Bathrooms: 4
Sq. Ft. Gross: 2,448
Sq. Ft. Living Area: 2,448
Cost per (heated) sqare foot: $225
Year built: 1953
Annual Tax: $5,163
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Luxury Vinyl
Schools
Elementary School: James Sanderlin Elementary-PN
Middle/Junior High School: John Hopkins Middle-PN
High School: St. Petersburg High-PN
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Stem Wall
Roof: Shingle
Exterior Features: Private Yard
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: None
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.16
Lot Size (sq. ft.): 6,804 square feet
Lot Dimensions: 50 x 135
Front Exposure: South
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 253116015480000050
Pets Allowed/Pet Policies: Dogs OK
Tax Legal Desc.: ARMSTRONG'S SUB, F.A., W 27FT OF LOT 5 & E 23.4FT OF LOT 6, LESS N 5FT FOR RD R/W
Section: 25
Range: 16
Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.