This 3 unit multi family property in St. Petersburg offers a rare blend of location, rental income, and value add potential. Tucked on a quiet street with easy access to I 275 and just minutes from downtown St. Pete, this occupied triplex is ready to generate cash flow from day one.
New roofs 2020 and 2019. There are 2 structures; a duplex totaling 1875 sqft and a two story home totaling 1224sqft. There is a recent appraisal attached giving all the details of the square footage and layouts.
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Unit A A functional 2 bedroom, 2 bath layout with in unit laundry.
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Unit B 2 bedrooms, 2 bathrooms, dedicated living and dining areas, full kitchen, laundry, and a fenced backyardideal for long term tenants.
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Unit C This unit is vacant. A spacious 2 story unit featuring 3 bedrooms, 2.5 baths, living room, kitchen, and in unit laundryplenty of space for families or roommates
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Inside, each unit features a functional layout with essential comforts, including in unit laundry facilities. Interiors range from average to below average, with a mix of older finishes and practical, tenant friendly features. Kitchens and bathrooms are serviceable as is, but there's clear potential for value add upgrades. The interiors are in average to below average condition, providing a great opportunity for future renovations or updates to boost rental rates.
The lot offers off street parking, mature trees for shade, and a city skyline view just a few blocks awayproving you dont need luxury finishes to tap into location value.
Whether you're expanding your portfolio or looking for your first multi family property, this triplex offers built in income with long term potential.