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$1,175,000

Income-producing property in the highly desirable Greater Woodlawn neighborhood of St. Petersburg, featuring three updated rental units across two separate buildings, with over 3,500 total square feet on a 6,761 SF lot. The property consists of a 3BR/2BA Craftsman bungalow in the front and a detached two-story duplex in the rear, offering a 2BR/1BA apartment upstairs and a studio apartment downstairs, along with a two-bay garage. All three units are updated and well maintained, offering strong rental potential in a highly sought-after location. The main residence features original refinished heart pine floors, a spacious updated kitchen with quartz countertops and stainless steel appliances, formal living and dining rooms, fireplace, office, sunroom, laundry room, screened wraparound porch, and private fenced yard. The upper duplex unit offers an updated kitchen and bath, open living and dining areas, two bedrooms, walk-in closet, and screened porch. The studio features a separate living/sleeping area, split-system A/C, patio, and deck. Separate water and electric meters for each building. Additional features include a two-bay garage with workshop and storage space, laundry facilities for the apartments, and off-street parking. Major improvements include main roof replacement (2021), porch roofs (2023), main house A/C (2022), and water heater (2018). Rear units have access from the alley. Conveniently located near restaurants, shopping, Crescent Lake Park, Downtown St. Petersburg, beaches, hospitals, and I-275. Flood Zone X. An excellent opportunity for investors seeking a multi-unit property in a prime St. Petersburg location.

5 Beds ⋅ 4 Baths ⋅ TB8564694 MLS

1016 24th Avenue N, St Petersburg

$1,175,000

Timeless craftsman bungalow in the highly desirable Greater Woodlawn neighborhood of St. Petersburg, offering historic character, modern conveniences and the added advantage of a valuable financial benefit through potential rental income. This property features a spacious three-bedroom, two-bath main residence with over 1,500 square feet, original refinished heart pine floors, high ceilings, a fireplace, an updated kitchen with quartz countertops and stainless steel appliances, formal living and dining areas, a separate office, a sunroom and inside laundry. Enjoy the oversized wraparound screened porch, private deck and fenced backyard. A separate two-story building in the rear provides additional flexibility, featuring an updated two-bedroom, one-bath apartment upstairs and a studio downstairs, offering excellent opportunities for rental income, guest accommodations, multigenerational living or a private workspace. Additional features include a two-bay garage, separate water and electric meters for each building and off-street parking. Major improvements include main roof replacement in 2021, porch roofs in 2023 and main house A/C in 2022. Ideally located within a short distance of popular restaurants and shops and just minutes from Crescent Lake Park, Downtown St. Petersburg, beaches, hospitals and I-275. A rare opportunity to enjoy a beautifully maintained home with exceptional flexibility and income-producing potential in one of St. Petersburg's most desirable neighborhoods. The property is not in a flood zone.

6 Beds ⋅ 4 Baths ⋅ TB8564119 MLS

1016 24th Avenue N, St Petersburg

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