3462 3RD AVE N St Petersburg, FL 33713
6 Beds
4 Baths
2,260 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $287
Subdivision Powers Central Park Sub
MLS Listing ID TB8516267
Bedrooms 6
HOA Y/N No
Year Built 1981
Annual Tax Amount $6,945
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x127
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Duplex | Strong Cash Flow | Separate Meters | No Shared Walls
This is the kind of property seasoned investors look for and rarely find — a true cash flowing duplex in one of St. Petersburg's most actively developing corridors, priced for the savvy buyer who understands value over aesthetics.
The Property
Two fully independent units with no shared walls — a layout that keeps tenant relations simple and turnover low. The property features two spacious 3 bed / 2 bath units renting at $2,500/month each. No carpet anywhere — durable, low maintenance flooring throughout that tenants respect and landlords appreciate.
One unit sits above the garage offering complete privacy and separation. The second unit is adjacent to the garage at ground level. A fully fenced private patio completes the outdoor space — a feature that attracts long term tenants and keeps vacancy low.
The property also includes an additional flexible space — currently used as a private suite — offering potential for owner occupancy, extended family, home office, or additional income at buyer's discretion.
The Numbers
Current gross rent — $6,200/month
Additional flexible space offers further income potential
Tenants cover all utilities — separate electric and water meters for both units
Low overhead — low maintenance — strong tenant retention history
The Mechanicals
One new full HVAC system
One new mini split unit
Decent overall condition — solid bones — consistently tenant ready
The Location — This Is Where The Money Is
Centrally located in St. Petersburg's Grand Central District — one of the city's most actively evolving neighborhoods. Major commercial redevelopment has been approved along 34th Street between 22nd Ave N and 22nd Ave S — bringing new businesses, foot traffic, and long term appreciation to the immediate area. Surrounding improvements are already underway and values in this corridor are moving in one direction.
This is not a flip. This is not a project. This is a durable, easy to manage, cash flowing asset in a market that is actively being invested in at the municipal and commercial level. Long term tenants, low turnover, and a location that gets better every year.
Ideal for:
First time investors using the house hack strategy
Experienced investors adding a turnkey cash flowing asset
Buyers seeking strong ROI in an appreciating St. Pete corridor
Location
State FL
County Pinellas
Community Powers Central Park Sub
Area 33713 - St Pete
Direction N
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Flooring Luxury Vinyl
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Fence
Garage Spaces 4.0
Utilities Available Sewer Connected, Water - Multiple Meters, Water Connected
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Vinyl Siding,Frame
New Construction false
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/TB8516267
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