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St Pete Beach,FL 33706
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $392
Subdivision St Petersburg Beach Rep
MLS Listing ID TB8337590
Bedrooms 4
Year Built 1954
Annual Tax Amount $7,300
Lot Size 5,227 Sqft
Property Sub-Type Duplex
New Construction false
Property Description
$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 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.
Location
State FL
County Pinellas
Community St Petersburg Beach Rep
Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl
Interior
Heating Electric
Cooling Central Air
Flooring Ceramic Tile,Concrete
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Cable Available,Sewer Available,Water Available
Water Access Yes
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Acceptable Financing Cash,Conventional,FHA,Owner Financing,Private Financing Available,VA Loan
Listing Terms Cash,Conventional,FHA,Owner Financing,Private Financing Available,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8337590