$595,000

Description

Virtually Staged. Location, Location, Location! Exceptional investment opportunity just minutes from vibrant downtown St. Petersburg! Tenants will love being close to restaurants, shopping, movie theaters, entertainment, Tampa Bay, and the beautiful Gulf Beaches. This charming triplex has seen numerous updates since 2019, including remodeled kitchens, newer appliances, updated windows, fresh paint, washer and dryer hookups, and more. Units A and B are spacious 1-bedroom, 1-bath units located at the front of the property, featuring a welcoming covered front porch full of character and charm. Built in 1949, these units showcase timeless details such as coved ceilings and arched doorways. Unit A offers original hardwood floors, while Unit B features ceramic tile flooring. HVAC replaced in 2017. Unit C, located at the rear of the property with convenient alley access, was newly converted in 2019 into a stylish studio apartment featuring a combined living and sleeping area, eat-in kitchen, and full bathroom. Situated on a desirable corner lot, the property offers on-site parking plus shared tenant storage space in the remaining garage area. Current and projected rental information: * Unit A projected market rent of approximately $2,000/month. * Unit B currently rented at $1,600/month on a month-to-month lease with projected market rent of approximately $2,000/month. * Unit C is currently vacant with projected market rent of approximately $1,700/month. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible income potential in one of the most desirable areas of St. Petersburg. These units are in excellent condition, full of charm, block construction and perfectly located minutes to Downtown St Pete!