Stacey Olive
REALTOR®
BEDS3
BATHS
SQUARE FEET1,360
MLS#TB8514661
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONROUSLYNN
Property Description
Want a property that has all the major work components updated? Want an income property with income stream the first month? Want a property that has a occupancy rate of 96%? This Duplex Investment Opportunity may be for you - Located in Old Southeast, only 1 mile from downtown St Petersburg. This exceptional investment opportunity features a 2-bedroom, 2-bathroom unit plus a 1-bedroom, 1-bathroom unit. There is additional property to expand the footprint to add an additional ADU on the property for expanded investment opportunities. Located in desirable Old Southeast, just approximately 1 mile south of Downtown St. Petersburg, this renovated concrete block duplex offers a strong investment opportunity in one of St. Pete's consistently high-demand rental locations. With proximity to the USF St. Petersburg campus, Johns Hopkins All Children's Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, The DalĂ Â Museum, Mahaffey Theater, Al Lang Stadium, downtown waterfront parks, the marina, restaurants, nightlife, museums, and Tampa Bay, this location appeals to long-term tenants, medical professionals, college students, downtown workers, and owner-occupants alike.Both units have been renovated and feature newer major systems, including a NEW ROOF 2025, both apartments have NEW AC UNITS 2023, and private in-unit washer and dryer for each residence. Additional upgrades include; NEW HOT WATER TANKS 2024, IMPACT WINDOWS 2023, NEW APPLIANCES 2024. The larger front unit offers approximately 850 square feet with a conventional and highly livable layout, featuring 2 spacious bedrooms, each with its own ensuite bathroom, a fully equipped kitchen, private laundry, and private outdoor space. The second unit is an efficient and well-appointed 1 bedroom, 1 bathroom residence with approximately 530 square feet, offering a large bedroom with ensuite bath, functional kitchen storage, private laundry, and comfortable living space.This property is ideal for an investor looking to add a renovated duplex to their rental portfolio. With the growth of the nearby Innovation District, expanding healthcare, marine science, university, arts, and business corridors, this Old Southeast duplex is positioned in a location where rental demand remains strong. You will never be short of tenant interest in this prime St. Petersburg location.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Other
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $8,465
Year Built: 1948
Amenities
Ceiling Fans(s)
Primary Bedroom Main Floor
Thermostat
Window Treatments
Fence
Private Entrance
Sidewalk
Feature Descriptions
Annual Net Income: 33280.00
Appliances: Dryer, Electric Water Heater, Range, Refrigerator, Washer
Community Features: Golf Carts OK, Park, Street Lights
Days on Site: 149
Directions: I-175, turn right on 3rd Street South, Duplex will be on the left at the corner of 20th Ave S
Exterior: Block, Stucco
Flood Zone Code: AE
Foundation: Crawlspace
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, Other
Lot: FloodZone, Landscaped, Street Brick, Paved
Lot Dimensions: 0.17
Other Equipment: Private Entrance
Ownership: Fee Simple
Parking: Assigned, Curb Parking, Off Street, On Street
Parking Notes: Assigned, Curb Parking, Off Street, On Street
Pets Allowed: Yes
Pets Restrictions: check with municipality for pet restrictions
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Fiber Optics, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Insulated Windows, Storm Window(s), Thermal Windows, Tinted Windows
Listed By / Shown By
Listed By
Agency Name: DOUGLAS ELLIMAN
Agency Contact: 727-698-5708
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,854.10 per month $2,992.64 Principal & Interest $705.42 Property Tax $156.04 Homeowner's InsuranceChange Payment Information
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260 20th Avenue S | MLS# TB8514661
This multi-family property located at 260 20th Avenue S, Saint Petersburg, FL 33705 is currently listed for sale with an asking price of $535,000. Search Saint Petersburg real estate on www.soldwithstacey.net today.