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2001 2nd Street S St Petersburg, FL 33705

$899,000
Active / MLS# TB8562518 / Residential - Single Family / St Petersburg
5 Beds
5 Baths
2768 SqFt

Exceptional income-producing opportunity in Old Southeast! Discover this versatile five-unit multifamily property with projected annual gross rental income of $102,000. Ideally located in one of St. Petersburg's most charming residential neighborhoods, right next to beautiful Lassing Park and the sparkling waters of Tampa Bay! Enjoy the best of both worlds: a quiet, peaceful neighborhood with mature trees and a tranquil atmosphere, yet just a short bike ride from the heart of downtown St. Petersburg. Enjoy convenient access to waterfront parks, award-winning restaurants, museums, shopping, nightlife, and the iconic St. Pete Pier. The property features five rental units across two separate buildings, offering a desirable mix of two 2-bedroom/1-bathroom units, one 1-bedroom/1-bathroom unit, and two studios. A charming garden courtyard separates the buildings, creating an inviting outdoor setting, while select units feature private patios. Shared laundry facilities provide additional convenience. Flexibility is the key! Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or explore a combination of long-term and short-term rental strategies, this property offers multiple possibilities. Four units are currently operated as traditional rentals, while the fifth has an established Airbnb rental history. With impressive income potential, five income-producing units, and an outstanding location beside Lassing Park and just minutes from vibrant downtown St. Petersburg, this is a compelling opportunity for investors and owner-occupants alike. An exceptional combination of location, income potential, and flexibility!

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Estimated Payment

$ 3,505.02 per month $2,313.23 Principal & Interest $929.58 Property Tax $262.21 Homeowner's Insurance
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Property Details

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Electric
Lot Size: 0.20 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $11,155
Year Built: 1950

Amenities

Thermostat
None

Feature Descriptions

Appliances: Dishwasher, Microwave, Washer
Directions: From downtown St. Petersburg, head south on 4th Street S. Turn left onto 20th Avenue S and continue east to 2nd Street S. Property is located at the corner of 20th Avenue S and 2nd Street S.
Exterior: Concrete, Frame
Flood Zone Code: X
Flooring: Other
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
Lot Dimensions: 0.2
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public
Water: Public
Water Access Y/N: No

Location

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Listing Office: KELLER WILLIAMS ST PETE REALTY



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