Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Duplex |
| Bedrooms: | 6 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.2 Acres |
Financials
Price:$649,000
Annual Taxes:$6,945.13
Listing Courtesy of EXP REALTY LLC
Grand Central District Income Property St.
Description
Grand Central District Income Property — St. Petersburg, FL
Duplex | Strong Cash Flow | Separate Meters | No Shared Walls
This is the kind of property seasoned investors look for and rarely find — a true cash flowing duplex in one of St. Petersburg's most actively developing corridors, priced for the savvy buyer who understands value over aesthetics.
The Property
Two fully independent units with no shared walls — a layout that keeps tenant relations simple and turnover low. The property features two spacious 3 bed / 2 bath units renting at $2,500/month each. No carpet anywhere — durable, low maintenance flooring throughout that tenants respect and landlords appreciate.
One unit sits above the garage offering complete privacy and separation. The second unit is adjacent to the garage at ground level. A fully fenced private patio completes the outdoor space — a feature that attracts long term tenants and keeps vacancy low.
The property also includes an additional flexible space — currently used as a private suite — offering potential for owner occupancy, extended family, home office, or additional income at buyer's discretion.
The Numbers
Current gross rent — $6,200/month
Additional flexible space offers further income potential
Tenants cover all utilities — separate electric and water meters for both units
Low overhead — low maintenance — strong tenant retention history
The Mechanicals
One new full HVAC system
One new mini split unit
Decent overall condition — solid bones — consistently tenant ready
The Location — This Is Where The Money Is
Centrally located in St. Petersburg's Grand Central District — one of the city's most actively evolving neighborhoods. Major commercial redevelopment has been approved along 34th Street between 22nd Ave N and 22nd Ave S — bringing new businesses, foot traffic, and long term appreciation to the immediate area. Surrounding improvements are already underway and values in this corridor are moving in one direction.
This is not a flip. This is not a project. This is a durable, easy to manage, cash flowing asset in a market that is actively being invested in at the municipal and commercial level. Long term tenants, low turnover, and a location that gets better every year.
Ideal for:
First time investors using the house hack strategy
Experienced investors adding a turnkey cash flowing asset
Buyers seeking strong ROI in an appreciating St. Pete corridor
Amenities
- Ceiling Fans(S)
- Fence
- Sewer Connected
- Water Connected
- Water Multiple Meters
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.