$895,000

Description

A rare opportunity in one of St. Petersburg’s most desirable neighborhoods—Historic Old Northeast. Located on a charming brick-paved street just minutes from vibrant Downtown St. Petersburg and the waterfront, this unique triplex offers tremendous flexibility for an investor or owner-occupant looking to combine an exceptional location with rental income. The property features three 1-bedroom, 1-bath residences, including a separate apartment above the two-car garage. Each unit offers central A/C, in-unit washer and dryer, dedicated off-street parking and its own patio/courtyard area surrounded by mature tropical landscaping. Current scheduled gross rental income is approximately $62,376 annually. Updates include a 2018 roof, updated electrical panels and improvements to the individual units. Continue operating as an income-producing triplex, live in one unit while renting the others, or explore converting the main residence back to a single-family home while retaining the garage apartment for additional income or guests.