HISTORIC KENWOOD. HIGH AND DRY, NEVER FLOODED. This income-producing property in the heart of Historic Kenwood offers a prime opportunity just two blocks from Central Avenue and the lively Grand Central District in St. Petersburg. The property includes a 2-bedroom, 1. 5-bathroom main house and a separate 700 sq. ft. ADU (Accessory Dwelling Unit) above the garage—perfect for rental income or multi-generational living.
The main house has been well cared for and features terrazzo floors, granite countertops, and a renovated bathroom (2022). Recent updates include new fans and lights (2022), fresh flooring (2023), and a new roof (2022). A newly installed, owned solar system (2023) keeps utility bills low and adds long-term value.
The detached ADU offers 1 bedroom, 1 bathroom, and newer LVP flooring (2023). With its own HVAC system replaced in 2023, it's ready for tenants.
This property has received extensive exterior upgrades, including fresh paint, soffit, fascia (2022), a new driveway, and low-maintenance landscaping (2022). Additional updates include a new electric panel (2019) and an upgraded sewer system (2022). The fenced yard provides privacy and outdoor space for relaxing or entertaining.
Whether you're an investor looking for rental income or a homeowner interested in offsetting your mortgage, this property blends historic charm with modern updates in one of St. Petersburg's most popular neighborhoods. Schedule your showing today!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $189 | $189 | $189 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,773 | $4,802 |
Total Monthly Payment | $4,007 | $4,054 | $5,083 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.