Active

$950,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 2208 sq ft
Overview
  • ID: MFRTB8391638
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 2208 sq ft
Property Details
Remarks
Investors or house-hackers! This is a must-see, beautifully renovated multi-family property located in the highly desirable Crescent Lake area of St Petersburg, Florida. This exquisite duplex offers two spacious 2 bed/1 bath units along with a detached 3-car garage, presenting a prime investment opportunity, as the property is currently zoned to construct up to 4 units. Currently leased with long-term tenants in place, bringing in $63,000 of rental income annually. This historic home was fully renovated in 2022 up to today's standards. Upgrades included a new roof, new HVAC, new gas water heaters, new electrical throughout and plumbing updated as well. The kitchens in both units feature charming and modern updates including new cabinetry and new appliances. Open shelving and updated backsplashes add a touch of contemporary style. The bathrooms have been refreshed with new vanities while preserving the original tile and refinishing the cast iron tubs, highlighting the home's historic charm. Endless windows throughout both units let in the natural light complemented by stunning window treatments. The backyard features a shared laundry space in a covered area attached to the garage, and an expansive backyard perfect for entertaining! Both units also offer large front porches, ideal for relaxing with a morning coffee or evening drink. This exceptional property is a rare find and outstanding investment opportunity. Don’t miss the chance to make this stunning duplex your new venture!
Financial Considerations
Price:
$950,000
HOA Fee:
N/A
Tax Amount:
$13270.61
Price per SqFt:
$430.25
Tax Legal Description:
INTERMONT, G.L. HUNT'S DIV LOT 3
Exterior Features
Lot Size:
6434
Lot Features:
City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Garage Faces Rear, Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
No
Floor:
Wood
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1928
Construction Type:
Wood Siding
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Balcony, Courtyard, Lighting, Sidewalk
Additional Features 2:
Buyer/buyer's agent to verify lease restrictions with the city of St Petersburg.
Map
  • Address
    1423 DR MARTIN LUTHER KING JR ST N
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