Active

$789,998

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 2146 sq ft
Overview
  • ID: MFRTB8405558
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 2146 sq ft
Property Details
Remarks
Welcome to a rare income-producing gem in the heart of St. Petersburg's beloved Magnolia Heights neighborhood! This fully updated triplex sits on a spacious double lot and comes with not 3 but 4 active income streams — three furnished units plus a bonus RV/glamping lot that's already earning. The Numbers: 2024 verified net income of $105,238. Projected hybrid income of $75,000–$95,000/year using a furnished medium-term rental model (30+ days) — perfectly suited for St. Pete's booming travel nurse, remote worker, and snowbird market. Expenses consistently low at ~$16,000–$17,000/year. Cap rate of 9.5 return+ at asking price. Detailed month-by-month financials are available to serious buyers upon request through the listing agent. Unit 3314 is a beautifully renovated 1BR/1BA with luxury vinyl flooring, granite countertops, indoor laundry, and a private backyard pergola. Unit 3312 is a charming 2-story 2BR/1BA with alley access, open-concept living, hurricane shutters, and an artificial turf backyard. Unit 3320 mirrors 3312's layout with all new appliances and updated landscaping. The bonus RV/glamping lot is already active with a 4.70 Airbnb rating across 20 reviews. Every unit features a private fenced backyard, dedicated parking, new AC, smart locks, and separate entrances. NO flood zone. Zero flooding or water damage history. Minutes from Downtown St. Pete, the beaches, St. Pete/Clearwater Airport, and the Tampa Bay healthcare corridor. Detailed financials are available to serious buyers through the listing agent.
Financial Considerations
Price:
$789,998
HOA Fee:
N/A
Tax Amount:
$8391.72
Price per SqFt:
$368.13
Tax Legal Description:
BEEVER, O. A. SUB LOTS 12 AND 13
Exterior Features
Lot Size:
8002
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Central
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1925
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Lighting
Additional Features 2:
N/A
Map
  • Address
    3320 18TH ST N
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