$425,000

Description

Located on a corner lot in the desirable Riviera Bay neighborhood, this updated block-construction duplex offers flexibility for both homeowners and investors. Live in the spacious 3-bedroom, 2-bath residence while renting the separate 1-bedroom, 1-bath unit to generate additional income, or lease both units as an investment property. Just two blocks from Riviera Bay Park and near Weedon Island Preserve, the property provides convenient access to Downtown St. Petersburg, Tampa, shopping, dining, and major roadways. Both residences feature renovated kitchens with new cabinetry, updated bathrooms, new water heaters, newer electrical panels, private entrances, separate mailboxes, individual backyard spaces, laundry connections, and ample parking. The 1-bedroom unit also features a new A/C system. Estimated rents are approximately $2,200 per month for the 3-bedroom unit and $1,200 per month for the 1-bedroom unit, offering potential gross rental income of approximately $3,400 per month, or $40,800 annually. With appliances being installed and only minor flooring work remaining, the property is nearly ready for occupancy or rental placement. Buyer to verify projected rents, property use, and any applicable rental restrictions.