4645 38th Avenue N, St Petersburg, FL 33713

$699,000
4
BD
3
BA
2,162
SqFt

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List Price
$699,000
Status
Active
Days on Market
2
MLS#
TB8566562
Property Style
Duplex
Year Built
1950
Bedrooms
4
Bathrooms
3
Living Area
2,162
Lot Size
9,291
Acres
0.21
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Dearmins Sub 3
MLS Area Major
St Pete

Property Description

Discover an outstanding opportunity to own an income-producing multifamily property in the heart of St. Petersburg! Situated on one property, this unique offering features two separate residential buildings, providing flexibility, privacy, and multiple income-producing possibilities. Property Use: Multi-Fam <10 Units. The front residence offers 1,262 square feet with 2 oversized bedrooms, 1.5 bathrooms, a desirable split-bedroom floor plan, a laundry closet, a spacious living area, and an eat-in kitchen. The second residence features approximately 900 square feet with 2 bedrooms and 1 full bathroom, making it ideal for additional rental income, multigenerational living, or an owner-occupant seeking supplemental income. Adding to the property's appeal is a charming courtyard nestled between the two buildings, creating a private outdoor gathering space. Additional amenities include on-site parking, two storage sheds, and a fully vinyl-fenced yard. The numbers make this opportunity especially attractive: Currently generating $3,500 in monthly rental income, or $42,000 annually, this property offers immediate income potential with the flexibility to maximize returns through future rental opportunities. Whether you're an investor looking to expand your portfolio or an owner-occupant interested in living in one residence while generating income from the other, this versatile property offers exceptional possibilities. Conveniently located near shopping, dining, and major roadways, this is a unique opportunity to secure a versatile multifamily asset in desirable Pinellas County.

Additional Information

Taxes
$6220
Community Features
No Deed Restriction
Property Description
One Story
Zoning
NT-1
Interior Layout
Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Split Bedroom
Interior Features
Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Split Bedroom
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Exterior Construction
Block
Exterior Features
Courtyard, Private Yard
Roof
Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
04-31-16-20592-004-0070
Legal Description
DEARMINS SUB NO. 3 BLK D, LOTS 7 & 8 LESS S 7.5FT FOR RD R/W

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-342-3800

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