Property Description

$100K PRICE DROP – Investor Opportunity in St. Pete Beach! This exceptional income-producing duplex offers a rare combination of coastal lifestyle, location, and investment potential with a projected 10%+ CAP rate. Located just blocks from the pristine sands of St. Pete Beach, Boca Ciega Bay, and the popular Corey Avenue Farmers Market, this property is ideal for short- or long-term rental income (buyer to verify local STR regulations). Each unit features two bedrooms and one bathroom with private outdoor spaces, back unit has a large yard & private back fence surrounded by low-maintenance xeriscaping. The property is being sold AS IS and sustained minor interior damage from recent hurricanes, providing a chance for value-add upgrades. This solid-block duplex is very durability with ease of ownership, some structural features include a roof installed in late 2023 (less than 2 years old), hurricane-rated double-pane windows (2014), and soundproofing between units—ensuring long-term durability, comfort, and lower future maintenance costs - making it attractive for both tenants and owner-occupants. Ideally located within walking distance to restaurants, spas, gyms, shops, and entertainment. With projected rental income of $2400–$2700 per unit/month, offering strong cash flow potential, Investors can maximize returns by renting both units or occupying one and leasing the other. Don’t miss this rare opportunity to own a low-maintenance, income-generating duplex in one of Florida’s most desirable coastal markets.