RARE 3-UNIT INVESTMENT OPPORTUNITY IN PINELLAS COUNTY | 4,198 SF | 10 BEDROOMS | $77,520 PROJECTED GROSS ANNUAL RENT | 2 UNITS DELIVERED VACANT. This updated triplex in unincorporated Pinellas County offers an unusually high bedroom count across three separate residences: a 5BR/2BA, 3BR/1BA and 2BR/1BA, totaling approximately 4,198 square feet. The unit mix offers flexibility for traditional long-term rentals, furnished or mid-term rentals, owner occupancy or a blended investment strategy. The 5BR/2BA unit is currently leased at $2,860 per month. The 3BR/1BA and 2BR/1BA units will be delivered vacant at closing, with estimated market rents of approximately $1,900 and $1,700 per month, respectively. This allows the buyer to select tenants, establish lease terms or occupy one of the units. At the projected rents, the property could generate $6,460 per month or $77,520 annually in gross rental income. Property improvements include impact windows, updated kitchens and bathrooms, updated flooring and interior finishes, mini-split systems, and newer HVAC and ductwork in Unit C. Located near 54th Avenue N and 68th Street N, with convenient access to shopping, dining, public transportation, downtown St. Petersburg, the Gulf beaches and Tampa. Rental projections are estimates; buyers should independently verify rental income and requirements for their intended use.
| MLS # | TB8541028 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1975 |
| Days On Site | 58 |
| Listing Provided By | KELLER WILLIAMS ST PETE REALTY | Brian Sandstrom |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,198 |
| Story(s) | 2 |
| Zoning | RM-7.5 |
| Acreage | 0.24 |
| Property | 10919 |
|---|
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33709 |
| Area | 33709 St Pete | Kenneth City |
| Community Name | PINE LAKE PARK |
| Listing VS Median (in PINE LAKE PARK) | |
Price: $825,000 low | high Med: $825,000 sqft: 4,198 low | high Med: 4,198 $ / sqft: $197 low | high Med: $197 On site: 58 low | high Med: 58 | |
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33709 |
| Area | 33709 St Pete | Kenneth City |
| Community Name | PINE LAKE PARK |
| Listing VS Median (in PINE LAKE PARK) | |
Price: $825,000 low | high Med: $825,000 sqft: 4,198 low | high Med: 4,198 $ / sqft: $197 low | high Med: $197 On site: 58 low | high Med: 58 | |