Commercial property in Saint Pete Beach, Florida 4 bedrooms, 130.06 sq.m. № 1559733

Property description

Another price reduction of $20K in addition to the previously $75K PRICE DROP – Investor Opportunity in St. Pete Beach! This exceptional income-producing duplex offers a rare combination of coastal lifestyle, location, and investment potential with a current cap rate of 9% and a projected 10%+ CAP rate. Located just blocks from the pristine sands of St. Pete Beach, Boca Ciega Bay, and the popular Corey Avenue Farmers Market, this property is ideal for short- or long-term rental income (buyer to verify local STR regulations). Each unit features two bedrooms and one bathroom with private outdoor spaces, back unit has a large yard & private back fence surrounded by low-maintenance xeriscaping. The property is being sold AS IS and sustained minor interior damage from recent hurricanes, providing a chance for value-add upgrades. This solid-block duplex is very durability with ease of ownership, some structural features include a roof installed in late 2023 (less than 2 years old), hurricane-rated double-pane windows (2014), and soundproofing between units—ensuring long-term durability, comfort, and lower future maintenance costs - making it attractive for both tenants and owner-occupants.