Property Description

TRIPLEX INVESTMENT OPPORTUNITY in the heart of St Pete Beach with Assumable Mortgage 4.25%. Optimal location near shops, public transportation, restaurants and local beaches as well as the St Pete Beach Community and Aquatic Center, which features a large pool, gym and other facilities/activities. This historic property has enjoyed substantial updates and renovations at the loving hands of the current owners, including structural reinforcement of the foundation, a fresh coat of exterior paint and a new roof. The property features a total of 5 bedrooms and 4 bathrooms across three separate residential units, providing flexibility for investors or an owner-occupant looking for rental income. All of the units are clean and nicely updated. Unit 1 on the ground floor is the largest, with 1,373 SF, and features a fireplace and stunning architectural features and detail. The kitchen is gorgeous, with stainless steel appliances and quartz countertops atop trendy luxury vinyl flooring that runs throughout the unit. The entire unit is bathed in natural light, including the bonus room, which makes a fabulous office. A large dedicated patio for this unit is available out front, beautifully finished in gray and white pavers. Unit 2 is accessed upstairs using the staircase to the side of the home. At the top of the stairs you are greeted by an open air balcony with pergola, and access to this 2 bedroom/1 bath unit. Enjoy a water view from the bedroom window looking towards the Intracoastal. Unit 3 on the ground floor is a cozy and efficiently designed 1 bedroom/1 bath unit, also with lovely updates similar to Unit 1. Both units 2 and 3 have a shared outdoor space on the ground floor surrounded by tropical landscape. The property also has a large free-standing shed and has an irrigation system. Each unit is furnished and comes turn-key. St Pete Beach is a desirable location for rentals, and requires a 30 day minimum rental period per local ordinance. The location provides easy access to the pristine beaches, local shops, and a variety of dining options as well as quaint Corey Avenue and a plethora of public and free beach ride transportation options. Drive to vibrant downtown St Petersburg in less than 30 minutes and to Tampa International Airport in 45 minutes during off hours. Pinellas Trail is close by and Sarasota, Tampa, Dunedin and Tarpon Springs are all within easy striking distance. Make your viewing appointment today!

Property Features

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