Photo 1 of 26
$359,900
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
2 |
0.00 |
1,107 |
$3,289.31 |
1947 |
On the market:
3 days
|
View full details, 15 photos, school info, and price history
Investment Opportunity – St. Petersburg Duplex
This duplex offers a 15percent gross rent return (11percent net). Currently generating $3,000 monthly ($36,000 annually) with both units rented at $1,500 each, and estimated expenses of $650/month ($7,800 annually). This results in a solid Net Operating Income (NOI) of $28,200 annually.
With an estimated Cap Rate between 8–9percent, this property presents an excellent investment opportunity in the growing St. Petersburg market.
Both units have been fully remodeled, making them move-in ready or ideal for immediate rental.
Contact me today to schedule a private showing and secure this investment opportunity.
Listing courtesy of Nilka Castro, LPT REALTY, LLC