Active

$520,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1400 sq ft
Overview
  • ID: MFRTB8337590
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1400 sq ft
Property Details
Remarks
Another price reduction of $20K in addition to the previously $75K PRICE DROP – Investor Opportunity in St. Pete Beach! This exceptional income-producing duplex offers a rare combination of coastal lifestyle, location, and investment potential with a current cap rate of 9% and a projected 10%+ CAP rate. Located just blocks from the pristine sands of St. Pete Beach, Boca Ciega Bay, and the popular Corey Avenue Farmers Market, this property is ideal for short- or long-term rental income (buyer to verify local STR regulations). Each unit features two bedrooms and one bathroom with private outdoor spaces, back unit has a large yard & private back fence surrounded by low-maintenance xeriscaping. The property is being sold AS IS and sustained minor interior damage from recent hurricanes, providing a chance for value-add upgrades. This solid-block duplex is very durability with ease of ownership, some structural features include a roof installed in late 2023 (less than 2 years old), hurricane-rated double-pane windows (2014), and soundproofing between units—ensuring long-term durability, comfort, and lower future maintenance costs - making it attractive for both tenants and owner-occupants. Ideally located within walking distance to restaurants, spas, gyms, shops, and entertainment. With projected rental income of $2400–$2700 per unit/month, offering strong cash flow potential, Investors can maximize returns by renting both units or occupying one and leasing the other. Don’t miss this rare opportunity to own a low-maintenance, income-generating duplex in one of Florida’s most desirable coastal markets.
Financial Considerations
Price:
$520,000
HOA Fee:
N/A
Tax Amount:
$7300
Price per SqFt:
$371.43
Tax Legal Description:
ST PETERSBURG BEACH REPLAT BLK 47, LOT 9
Exterior Features
Lot Size:
5375
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Concrete
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1954
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Other
Additional Features 2:
1 month in St. Pete Beach. Verify with the city.
Map
  • Address
    410 73RD AVE
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