KelseyMcLaughlin
BEDS4
BATHS
SQUARE FEET1,750
MLS#TB8500974
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWASHINGTON TERRACE
Property Description
Excellent investment opportunity in the heart of St. Petersburg! This well-maintained concrete block duplex features two spacious 2-bedroom, 2-bathroom units with porcelain tile and luxury vinyl flooring throughout. A new A/C unit was recently installed in Unit 2985. Both units offer inside utility rooms with laundry facilities and private yard spaces, providing added comfort and convenience for tenants.One unit is currently occupied by a reliable long-term tenant, providing immediate rental income, while the second unit is vacant and ready for an owner-occupant or investor seeking market-rate rents. Current rental income is below market, with strong upside potential. Estimated market rents are approximately $2,150 per month per unit beginning August 1, 2026.Tenants are responsible for electricity and water, and separately metered utilities help keep operating expenses low and management simple. Built in 1984, the property features durable concrete block construction and ample on-site parking.Ideally situated between I-275 and US-19, this property offers convenient access to St. Petersburg, Tampa, and Clearwater. Located in a non-flood zone, no flood insurance is currently required, providing additional long-term value and peace of mind.Enjoy a central location just minutes from Sawgrass Lake Park, Crescent Lake Park, and vibrant downtown St. Petersburg, featuring the St. Pete Pier, waterfront dining, museums, entertainment, and shopping. The Gulf beaches, St. Pete-Clearwater International Airport, and Tampa International Airport are all within easy reach.This is a rare opportunity to own a versatile income-producing property in a high-demand rental market with excellent long-term growth potential.PLEASE DO NOT DISTURB TENANTS. Unit 2983 is tenant occupied and may not be shown. Showings are limited to the vacant Unit 2985 by appointment only.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.11 Acres
Roof Type: Shingle
Taxes: $5,552
Year Built: 1984
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Window Treatments
Fence
Lighting
Private Entrance
Rain Gutters
Sidewalk
Sliding Doors
Feature Descriptions
Annual Net Income: 38000.00
Appliances: Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
Days on Site: 54
Directions: On 62nd Ave North corner of 29th Way, between US 19 and I-275.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Luxury Vinyl, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.11
Other Equipment: Private Entrance
Ownership: Fee Simple
Parking: Assigned, Parking Pad, Reserved
Parking Notes: Assigned, Parking Pad, Reserved
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Lock Box Electronic-CBS Code Required, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R-4
Listed By / Shown By
Listed By
Agency Name: SUNCOAST HOME REALTY
Agency Contact: 727-204-5001
Shown By
Agent Name: Kelsey McLaughlin
Agent Phone: (954) 494-5409
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 1,582.84 per month $990.38 Principal & Interest $462.67 Property Tax $129.79 Homeowner's InsuranceChange Payment Information
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2983 62nd Avenue N | MLS# TB8500974
This multi-family property located at 2983 62nd Avenue N, Saint Petersburg, FL 33702 is currently listed for sale with an asking price of $445,000. Search Saint Petersburg real estate on kmclaughlin.realty100.com today.