1410 38TH AVE N new Save Request In-Person Tour Request Virtual Tour
Saint Petersburg,FL 33704
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,249 sqft
Price per Sqft $496
Subdivision Hudson City Sub Rev Rep
MLS Listing ID TB8324486
Bedrooms 3
Year Built 1927
Annual Tax Amount $5,958
Lot Size 4,791 Sqft
Property Description
This property is a rare gem, perfectly suited for a range of buyers, from savvy investors seeking income-producing opportunities to families looking for a versatile home. With a total net rent of $4,900 per month, this duplex delivers an impressive 4.9% cap rate. Its MTM zoning not only permits a single-family home to be constructed up to 36 feet high in the front of the lot but also unlocks additional potential for creative development. Situated in flood zone X, the property offers added peace of mind, free from the worries of high-risk flood zones.
The fully renovated duplex boasts two distinct units: one featuring two bedrooms and one bathroom, and the other a cozy one-bedroom, one-bath layout. Every detail of the approximately $40,000 in upgrades has been thoughtfully executed to ensure a modern and worry-free living experience. The property features a brand-new roof installed in 2021 and recently updated air conditioning units for ultimate comfort. Plumbing has been completely upgraded to durable PVC, connected seamlessly to the city drain with new clean-outs. The interiors have been refreshed with updated kitchen countertops, while the bathrooms exude elegance with new showers, toilets, cabinets, and a fresh, modern coat of paint.
Outside, the property continues to impress. A newly constructed concrete porch, an $18,000 investment, adds a touch of sophistication and durability, while the privacy fence, installed in November 2023, creates a serene and secure atmosphere. The oversized lot amplifies the property's versatility, offering ample space for additional development or outdoor enhancements. The duplex?s strategic placement at the rear of the lot maximizes usability, leaving the front portion primed for future construction or landscaping dreams.
This property stands as a testament to both charm and potential, providing a blank canvas for those who want to expand on its many possibilities. Whether you?re an investor looking to maximize rental income or a homeowner seeking to live in one unit while renting out the other, the options here are virtually limitless. The zoning allows for further development, such as a single-family home or additional rental spaces, ensuring this property remains a standout investment.
Seize this unique opportunity to own a property that combines timeless appeal with modern upgrades, all while offering untapped potential for future growth. Schedule your private showing today and step into a property that truly has it all.
Location
State FL
County Pinellas
Community Hudson City Sub Rev Rep
Zoning MTM1
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Carpet,Tile,Wood
Laundry Common Area
Exterior
Exterior Feature Fence,Lighting,Rain Gutters
Utilities Available Cable Connected,Electricity Connected,Water Connected
Roof Type Shingle
Building
Lot Description FloodZone,Historic District,Near Public Transit,Oversized Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Stucco,Wood Frame
New Construction false
Schools
Elementary Schools John M Sexton Elementary-Pn
Middle Schools Meadowlawn Middle-Pn
High Schools St. Petersburg High-Pn
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None