OWNER FINANCE AVAILABLE - UNBELIEVABLE CAP RATE at Cash (The Cap Rate at a $495,000 purchase price, with $5,000/month rent and $7,500/year in taxes, is 10.61%) This property is ZONED CC-2, Commercial Corridor Gulf Blvd. PRICE has been REDUCED for a quick sale – Don't Miss Out on… Read More this Incredible Value! Superb LOCATION with a few minutes walk to the beach or the Corey Ave farmers market...This is a Snow-bird, Vacationer's or the owner who wants to live in the greatest beach area with the Florida dream. Discover this exceptional concrete block duplex, no drywall, nestled in sought-after St. Pete Beach – a prime investment opportunity with a sophisticated appeal and low maintenance requirement. Positioned within walking distance of pristine beaches, Boca Ciega Bay, and the bustling Corey Avenue Farmers Market, as well as an array of amenities including fitness centers, spas, restaurants, and shops, this property offers unparalleled convenience. Each unit features two bedrooms and one bathroom, with the rear unit boasting a oversized back yard to encourage a low-maintenance xeriscaping. Key Features: - Proximity to Corey Ave, St. Pete Beach, and numerous shops and restaurants. - New roof installed in 2020. - Double-pane hurricane-rated windows. Soundproofing between units ensures enhanced privacy. Both units are currently leased on a month-to-month at $1850 & $1700; past rent prior to hurricane was $2300 & $2200. This duplex presents a lucrative investment opportunity with future rental income generating $2400 to $2700 per month. Whether you're considering occupying one unit and renting the other or leveraging both units for rental income, this property epitomizes the perfect blend of coastal lifestyle and financial prosperity. Don't miss out on this prime investment opportunity! Seller Financing terms - $150K down payment, 7% interest rate 6 years balloon. Call discuss terms. Read Less
Courtesy of EXP REALTY 727-592-2286
Listing Snapshot
Days Online
22
Last Updated
Property Type
Half Duplex
Beds
4
Full Baths
2
Square Ft.
1,400
Lot Size
0.12 Acres
Year Built
1954
MLS Number
TB8409669
Additional Details
Building
Living Area Meters: 130.06, Room Count: 5, Building Area Total: 1730, Building Area Units: Square Feet, Construction Materials: "Block", Direction Faces: West, Levels: "One", Living Area: 1400, Stories Total: 1, Year Built: 1954
Water Features
Water Access: Beach
Lot
Lot Size Square Meters: 499, Total Acreage: 0 to less than 1/4, 0.12 acres, 5375 square feet
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.