801 18TH AVE S new Save Request In-Person Tour Request Virtual Tour
St Petersburg,FL 33705
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $237
Subdivision Stahls Sub
MLS Listing ID TB8432418
Bedrooms 4
Construction Status Completed
HOA Y/N No
Year Built 1953
Annual Tax Amount $4,489
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Source Stellar MLS
Property Description
EXCEPTIONAL INCOME-PRODUCING DUPLEX - FULLY UPDATED & OCCUPIED. This meticulously maintained BLOCK CONSTRUCTION duplex offers immediate cash flow with stable, long-term tenants in place. Both units feature 2 bedrooms/1 bathroom and have been updated throughout. PROPERTY HIGHLIGHTS: Total Monthly Income: $3,713 ($1,800 Unit 1 + $1,913 Unit 2). Stable Tenancy: Both units occupied with Section 8 voucher recipients on annual lease agreements. Separate Utilities: Individual water and electric meters - tenants pay all utilities. RECENT MAJOR IMPROVEMENTS: Transferable Satisfactory 4-Point Inspection Report. Newer Roof - Peace of mind for years to come. Updated Windows - Enhanced energy efficiency. Newer HVAC Systems. Newer Water Heaters. Complete Cosmetic Updates - Fresh interior and exterior finishes. INVESTMENT DETAILS: Gross Annual Income: $44,556. Established Rental History with quality tenants. Section 8 Program provides rental payment security. Minimal Landlord Responsibilities - tenants handle utilities. LOCATION ADVANTAGES: Located in the desirable 33705 area of St. Petersburg, this property benefits from the city's robust rental market and ongoing urban revitalization. The 33705 zip code has shown consistent appreciation with average home prices up 6.8% year-over-year, making this an excellent long-term investment opportunity. PERFECT FOR: Experienced Investors seeking immediate cash flow. First-Time Investment Property buyers (turnkey ready). Portfolio Expansion with proven rental income. 1031 Exchange candidates. This is a rare opportunity to acquire a fully-stabilized, updated duplex with immediate positive cash flow. The combination of recent major improvements, established tenancy, and prime location makes this an exceptional investment in St. Petersburg's growing rental market. Properties of this caliber and cash flow potential move quickly in today's market!
Location
State FL
County Pinellas
Community Stahls Sub
Area 33705 - St Pete
Direction S
Interior
Interior Features Primary Bedroom Main Floor,Solid Surface Counters,Solid Wood Cabinets,Thermostat,Window Treatments
Heating Central,Electric
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Range,Range Hood,Refrigerator
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Private Mailbox
Utilities Available Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits,Level,Near Public Transit,Oversized Lot
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8432418