$425,000

Description

Located on a corner lot in the desirable Riviera Bay neighborhood, this updated block-construction duplex offers an excellent investment opportunity in a convenient St. Petersburg location. Just two blocks from Riviera Bay Park and close to Weedon Island Preserve, the property is a short drive from Downtown St. Petersburg, Tampa, shopping, dining, and major roadways. Both units feature renovated kitchens with new cabinetry, updated bathrooms, new water heaters, and newer electrical panels. The 1-bedroom, 1-bath unit also has a new A/C system. Estimated rents are approximately $1,200 per month for the 1/1 and $2,200 per month for the 3/2, providing potential gross rental income of approximately $3,400 per month, or $40,800 annually. Each unit has a private entrance, separate mailbox, its own backyard, laundry connections, and ample parking in front of the property. With appliances being installed and only minor flooring work remaining, the property is nearly ready for rental placement. Ideal as a full investment property or an owner-occupied home with additional rental income. Buyer to verify projected rents and rental restrictions.