ST PETERSBURG, FL 33705

Property

Ownership: Fee Simple
Type: Duplex
Bedrooms: 8 BR
Bathrooms: 4
Pets: Pets Allowed
Lot Size: 0.2 Acres

Financials

Price:$539,990
Annual Taxes:$5,163
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of DALTON WADE INC

Virtually Staged. BACK ON THE MARKET Investor Special !

Description

Virtually Staged. BACK ON THE MARKET - Investor Special! Fully updated duplex featuring two identical 4BR/2BA units (1,224 SF each) with excellent cash-flow potential. Each unit is currently listed for rent against a HUD Fair Market Rent of $3,195/month, providing immediate upside. Opportunity to achieve a 10%++ cap rate and strong DSCR financing potential. Recent improvements include updated roof, updated kitchens, updated bathrooms, new flooring, new lighting, butcher block countertops, and washer/dryer hookups in each unit, creating a low-maintenance investment with minimal deferred maintenance. Each unit also features a private fenced backyard. Situated on an oversized corner lot, the parcel also includes a separate detached concrete RV parking pad/lot - which can be rented for an additional $650/month adding even more value to this property. Just minutes from Downtown St. Petersburg, shopping, dining, major employers, and local colleges—an area with consistently strong rental demand. Ideal for buy-and-hold investors, DSCR buyers, or a 1031 exchange, with immediate income potential and room for future rent growth.

Amenities

  • Cable - Available
  • Convection Oven
  • Electricity Connected
  • Microwave
  • Private Mailbox
  • Private yard
  • Refrigerator
  • Sewer Connected
  • Solid Surface Counters
  • Water Connected

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.