Active

$419,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 1676 sq ft
Overview
  • ID: MFRTB8397028
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 1676 sq ft
Property Details
Remarks
Investor Opportunity – Single Family Home with In-Law Suite, Dual Kitchens, Separate Entrances & New Roof, and a potential 9 Cap. This single-family home, zoned as such, is a versatile and income-producing asset in the heart of St. Petersburg. With one water meter and one electric meter, the layout is ideal for dual living — offering two private entrances, two full kitchens, and clear separation between spaces, making it perfect for house hacking, long-term rental, or multi-generational living. The main unit includes 3 bedrooms and 1 bath (using the enclosed porch as a third bedroom), and the permitted in-law suite (built in 2000) features 2 bedrooms, 1.5 baths, a private kitchen, and separate alley entrance with an electric gate and covered carport — great for RVs, boats, or work vehicles. Property Features: Zoned Single-Family Residential New Roof (2025) – major improvement completed Two full kitchens and separate entrances Separate in-law suite ideal for rental income Two backyard sheds for additional storage Fenced yard with room for pets, gardening, or outdoor use and an electric gate. A single set of utilities keeps costs simple Rental Income & Investment Potential: Projected Gross Rent: $4,500/month or $54,000/year Estimated NOI (after estimated expenses): $37,800/year At a $419,000 price point, this yields an impressive 9 Cap. Live in one unit and rent the other, or lease both for maximum ROI. This property offers built-in flexibility and is located in a desirable area close to major roads, shopping, schools, and parks. Don’t miss out on this high-performing investment property — schedule your private showing today!
Financial Considerations
Price:
$419,000
HOA Fee:
N/A
Tax Amount:
$968.21
Price per SqFt:
$250
Tax Legal Description:
NORTH ST PETERSBURG BLK 68, LOT 30
Exterior Features
Lot Size:
6382
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Electric
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Laminate
Levels:
Multi/Split
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1967
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Awning(s), Shade Shutter(s)
Additional Features 2:
N/A
Map
  • Address
    516 NORTHMOOR AVE N
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