$990,000

Description

Welcome to this beautifully renovated, income-producing quadplex located in the highly desirable Azalea Park neighborhood of St. Petersburg. Perfectly situated along the Pinellas Trail and just minutes from the Gulf beaches, this turnkey investment property offers four updated units with over 3,200 heated square feet, making it an outstanding opportunity for both seasoned and first-time investors. Each unit features spacious floor plans with modern updates, while Units 2 and 3 received new A/C systems in 2025, and the roof was replaced in 2016, providing peace of mind for years to come. Two of the units offer private patios, and select units feature a spacious primary suite with an en-suite bathroom, tiled walk-in shower, and large walk-in closets with built-in shelving. Designed for long-term ownership and ease of management, the property features individually metered electric service for all four units, eight dedicated off-street parking spaces with two assigned spaces per unit, and an on-site laundry facility equipped with commercial Speed Queen coin-operated washers and dryers, providing an additional source of income. The shared courtyard has also been completely renovated with a new French drain system and zero-maintenance river rock landscaping, creating an attractive outdoor gathering space while significantly reducing future maintenance costs. Additional capital improvements include newer water heaters, updated flooring, fresh interior paint, new washer, and numerous interior upgrades throughout, further enhancing the property's value and tenant appeal. Located just minutes from Tyrone Square Mall, Azalea Recreation Center, the Pinellas Trail, Alt. US-19, and the award-winning beaches of Treasure Island, this property offers tenants exceptional convenience to shopping, dining, parks, entertainment, and Florida's beautiful Gulf Coast. Whether you're looking to expand your investment portfolio or purchase a well-maintained, turnkey income-producing asset in one of St. Petersburg's strongest rental markets, this exceptional quadplex is an opportunity you won't want to miss.