255-257 38th Ave., St. Petersburg, FL 33705

$25,080 CURRENT ANNUAL GROSS RENT. Coquina Key, Island living! Concrete duplex of two 780sqft 2BR,1 bath units with carports & utility rooms with washer/dryer hookups. Annual leases. TENANTS PAY ALL UTILITIES! Owner pays only property tax, insurance, lawn care. At full price, this investment generates a better than 8% actual cap rate with no deferred maintenance & proven ability to increase rents. Updates include all new exterior & interior paint, central A/C, 6 ceiling fans, all new plumbing fixtures, new medicine cabinets & bathroom vanities, all new light fixtures, plugs & switches. Both units have new breaker panels & double pane windows throughout, new exterior doors, self cleaning ranges, and professionally refinished TERRAZZO floors (NO CARPET! Easy to clean!).Current rent of 257 side is $995/mo, 255 is $1095/mo, 255 features a completely remodeled kitchen. Just three blocks from the Coquina Key park, which boasts tennis courts, basketball courts, soccer fields, a large fenced dog park, fishing dock, kayak launch point, and more. Prices in the area have been rising. Duplex is adjacent to the high end Coquina Key Townhomes and is across the street from Waterside, where prices have exploded. And all of Coquina Key is an island- get the feel of the beach while still being close to downtown St. Pete! GREAT INCOME! GREAT LOCATION! DO NOT WALK PROPERTY!! DRIVE BY ONLY! Tenants do not know of sale. You will not be disappointed! BEST VALUE IN ST. PETE!! BUYER WILL NOT BE DISAPPOINTED.