Property Description

Excellent investment opportunity in the heart of St. Petersburg! This well-maintained concrete block duplex features two spacious units each offering 2 bedrooms and 2 bathrooms with porcelain tile and luxury vinyl flooring throughout. Both units include inside utility rooms with laundry and private yard spaces providing added comfort and convenience for tenants.One unit is currently occupied by a reliable long-term tenant providing immediate income while the second unit is vacant ideal for an owner-occupant or an investor looking to lease at market rates. Rental income is currently below market with strong upside potential to approximately $2,150 per unit beginning August 1, 2026.Tenants are responsible for electricity and water, with separately metered utilities helping keep operating expenses low and management simple. Built in 1984 the property is constructed of solid concrete block and offers ample on-site parking.Ideally located between I-275 and US-19, this property provides convenient access to St. Petersburg, Tampa, and Clearwater. Situated in a non-flood zone (no flood insurance required) it offers additional long term value and peace of mind.Enjoy a central location just minutes from Sawgrass Lake Park, Crescent Lake Park, and vibrant downtown St. Petersburg, including the St. Pete Pier, waterfront dining, museums, and shopping. A short drive to the Gulf beaches and convenient access to St. Pete-Clearwater International Airport and Tampa International Airport further enhance the appeal.A rare opportunity to own a versatile, income-producing property in a high-demand rental area with strong long-term growth potential.2983 UNIT IS TENANT OCCUPIED - PLEASE DO NOT DISTURB TENANTS- ONLY 2985 CAN BE SEEN.

Property Features