$699,000

Description

RARE, FULLY RENTED DOUBLE-LOT PROPERTY featuring TWO SEPARATE RESIDENCES WITH INDIVIDUAL STREET ADDRESSES—4744 and 4738 7th Avenue North—a beautifully RENOVATED IN-GROUND POOL and a detached garage/workshop, all within a private compound-style setting. Owned by the same family for more than 25 years, this unique 1926 property offers immediate rental income, exceptional versatility and long-term value. The charming 2-bedroom, 1-bath main residence features original hardwood floors, an updated kitchen with granite countertops, all-wood cabinetry, newer appliances and a stainless-steel gas range. The marble-finished bathroom includes a relaxing Jacuzzi tub, while the newer Florida room provides additional living space overlooking the property. Major improvements include newer windows, a newer central A/C system, a gas water heater and NEW ROOFS on all three structures. The private outdoor retreat centers around a newly renovated in-ground pool with recent resurfacing, updated tile and pool plumbing, surrounded by new brick pavers. An outdoor shower and new vinyl fencing complete the inviting outdoor living area. The detached approximately 25' x 20' garage offers much more than parking, with a single garage door plus dedicated workshop, laundry and utility space. A long concrete driveway provides generous off-street parking with room for a boat or RV. Adding tremendous value is the SEPARATE, INCOME-PRODUCING REAR COTTAGE, independently addressed as 4738 7th Avenue North and complete with its own private fenced and pavered outdoor area. The cottage features central heat and air through a newer package unit, newer windows, recently installed vinyl flooring, fresh paint and recent renovations. BOTH RESIDENCES ARE CURRENTLY RENTED, providing immediate income to help offset ownership and mortgage expenses. With two separately addressed residences, a detached garage/workshop, renovated pool, extensive outdoor living areas and a spacious DOUBLE-LOT setting, this is a rare opportunity to own a fully occupied income-producing property with a true compound-style layout in a desirable St. Petersburg location.