Is this your property? Sell it faster with premium placement and targeted ads.
Major Price Reduction – 8.06% Cap Rate on Fully Renovated Duplex
This turnkey duplex in St. Petersburg has received a strategic price reduction and is ready for immediate occupancy and income generation. The property includes two 1-bedroom, 1-bath units fully renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance investment with strong rental potential. Financials based on market rents: adjusted price $339,900, projected annual gross income of $36,000 ($3,000 per month), and a Net Operating Income (NOI) of $28,200, reflecting an estimated 8.06% cap rate. The property is located in the desirable 33705 ZIP code, minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area offers strong rental demand, stable occupancy trends, and long-term appreciation potential. A fully renovated, income-ready asset posit...
This turnkey duplex in St. Petersburg has received a strategic price reduction and is ready for immediate occupancy and income generation. The property includes two 1-bedroom, 1-bath units fully renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance investment with strong rental potential. Financials based on market rents: adjusted price $339,900, projected annual gross income of $36,000 ($3,000 per month), and a Net Operating Income (NOI) of $28,200, reflecting an estimated 8.06% cap rate. The property is located in the desirable 33705 ZIP code, minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area offers strong rental demand, stable occupancy trends, and long-term appreciation potential. A fully renovated, income-ready asset positioned for solid and reliable returns. Easy to show. Schedule your private tour today.
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationIs this your property? Sell it faster with premium placement and targeted ads.