4645 38th Avenue N, St Petersburg, FL 33713

Property Description

Discover an outstanding opportunity to own an income-producing multifamily property in the heart of St. Petersburg! Situated on one property, this unique offering features two separate residential buildings, providing flexibility, privacy, and multiple income-producing possibilities. Property Use: Multi-Fam <10 Units. The front residence offers 1,262 square feet with 2 oversized bedrooms, 1.5 bathrooms, a desirable split-bedroom floor plan, a laundry closet, a spacious living area, and an eat-in kitchen. The second residence features approximately 900 square feet with 2 bedrooms and 1 full bathroom, making it ideal for additional rental income, multigenerational living, or an owner-occupant seeking supplemental income. Adding to the property's appeal is a charming courtyard nestled between the two buildings, creating a private outdoor gathering space. Additional amenities include on-site parking, two storage sheds, and a fully vinyl-fenced yard. The numbers make this opportunity especially attractive: Currently generating $3,500 in monthly rental income, or $42,000 annually, this property offers immediate income potential with the flexibility to maximize returns through future rental opportunities. Whether you're an investor looking to expand your portfolio or an owner-occupant interested in living in one residence while generating income from the other, this versatile property offers exceptional possibilities. Conveniently located near shopping, dining, and major roadways, this is a unique opportunity to secure a versatile multifamily asset in desirable Pinellas County.