New Listing - 11/26/2024
2220 7th STREET S, St. Petersburg, FL, 33705
2 beds
1947
1,107 sqft
Charming Hi-Return Duplex in the Heart of St. Petersburg! Fantastic investment opportunity with this income-generating gem of a duplex located near downtown St Petersburg. Currently a high-return income producing property, with the potential of significant growth and increased return for future earnings. With St. Petersburg's strong market outlook, ongoing appreciation trends, and increasing rental demand, this duplex offers future earnings potential through gradual rent increases and value growth, further enhanced by property improvements and the city's thriving economy. Buyers may consider consulting with the City’s planning and zoning department to inquire about potentially converting the detached garage into a third living unit. Each side of this duplex features 1 bedroom and 1 bathroom, with a shared fenced yard, detached garage and parking. Whether you're a seasoned investor or looking to enter the rental market, this duplex offers exceptional returns with a strong Net Operating Income (NOI) and low annual operating costs. Boasting a prime location just minutes from downtown, this property offers both charm and convenience, making it a consistent income-producing asset. Approximately 300 feet from the gorgeous Bartlett Park and the St Petersburg Tennis Center, less than 2 miles to the vibrant downtown St Petersburg and the University of South Florida (St Petersburg campus). With the ongoing development and demand in the St. Petersburg area, this duplex is poised for appreciation while continuing to deliver steady cash flow. Whether you're considering it as a primary investment or part of a larger portfolio, this property is an opportunity you don't want to miss!
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
2
Subdivision:
HARBORDALE SUB
Garage:
2-car Curb Parking, Driveway, Garage Faces Side, Off Street, On Street, Open
Heating:
Baseboard
Cooling:
Wall/Window Unit(s)
Acreage:
0.14
Est. Taxes:
$3,000
Construction
Block, Wood Frame
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected
Lot Description:
City Lot, Near Marina, Near Public Transit
Days on Market:
1
Lease Term Type:
12 Months
MLS #:
TB8325129
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of PREFERRED SHORE REAL ESTATE Phone: 941-999-1179