$1,175,000

Description

Income-producing property in the highly desirable Greater Woodlawn neighborhood of St. Petersburg, featuring three updated rental units across two separate buildings, with over 3,500 total square feet on a 6,761 SF lot. The property consists of a 3BR/2BA Craftsman bungalow in the front and a detached two-story duplex in the rear, offering a 2BR/1BA apartment upstairs and a studio apartment downstairs, along with a two-bay garage. All three units are updated and well maintained, offering strong rental potential in a highly sought-after location. The main residence features original refinished heart pine floors, a spacious updated kitchen with quartz countertops and stainless steel appliances, formal living and dining rooms, fireplace, office, sunroom, laundry room, screened wraparound porch, and private fenced yard. The upper duplex unit offers an updated kitchen and bath, open living and dining areas, two bedrooms, walk-in closet, and screened porch. The studio features a separate living/sleeping area, split-system A/C, patio, and deck. Separate water and electric meters for each building. Additional features include a two-bay garage with workshop and storage space, laundry facilities for the apartments, and off-street parking. Major improvements include main roof replacement (2021), porch roofs (2023), main house A/C (2022), and water heater (2018). Rear units have access from the alley. Conveniently located near restaurants, shopping, Crescent Lake Park, Downtown St. Petersburg, beaches, hospitals, and I-275. Flood Zone X. An excellent opportunity for investors seeking a multi-unit property in a prime St. Petersburg location.