Active

$895,000

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2244 sq ft
Overview
  • ID: MFRTB8525945
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2244 sq ft
Property Details
Remarks
A 1031 Buyer or House Hacker's Dream! This rare, fully legal, and licensed triplex in sought-after North Kenwood is a true plug-and-play asset! The property is fully furnished and occupied with 5 income streams, averaging over $7,250/mo in rental income (2025 actual). The main home is a 3/2 block home custom-built by the seller in 2023, consistently rented by the room to three separate roommates (T-12 occupancy 96%) and averaging around $3,800/mo in rental income. The rear building is a 1950s block structure that was completely renovated in 2022 to include new electrical, plumbing, and central HVAC; the rear bldg roof was replaced in 2020. This rear building is a 2-story up-and-down duplex with two fully furnished 1/1 apartments averaging $2,000/mo each (T-12 occupancy 97 %, with only 14 nights of vacancy between the two apartments). The property attracts snowbirds, digital nomads, and returning annual guests, and is professionally managed with a comprehensive tech stack that includes dynamic pricing, listing syndications, and smart integrations (ongoing management is available for a true hands-free investment).High and dry with no flood insurance requirement or HOA, the property features three electric meters, 5 parking spaces, and a shared paver patio courtyard with a BBQ and fire pit. All three units have indoor laundry and central HVAC. Survey, 4-point, wind mitigation, rental license, and other documentation are attached. A 1031 buyer could snap this up with low/no debt service and utmost confidence in high occupancy/income and very low CapEx, while a house-hacker could pick this up with as little as 5% down (or less for FHA/VA), occupy any of the units, and still maintain 4 separate income streams! FHA/VA ready with almost no appraisal risk for financed buyers (property appraised for $825k in 2023 upon completion of construction, during a tighter credit market, before utilities were even connected).
Financial Considerations
Price:
$895,000
HOA Fee:
N/A
Tax Amount:
$7754.31
Price per SqFt:
$398.84
Tax Legal Description:
AVALON BLK 11, LOT 2
Exterior Features
Lot Size:
5624
Lot Features:
City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Ground Level, Guest, Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
Two
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
2023
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Courtyard, Fence, Fire Pit, Sidewalk
Additional Features 2:
City of St Pete requires 30 day (or one calendar month) minimim stay, with three shorter stays allowed in any rolling calendar year.
Map
  • Address
    2510 16TH AVE N
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