Commercial property in Saint Petersburg, Florida 2 bedrooms, 102.84 sq.m. № 1913211

Property description

Investment Opportunity – St. Petersburg Duplex This duplex offers a 15percent gross rent return (11percent net). Currently generating $3,000 monthly ($36,000 annually) with both units rented at $1,500 each, and estimated expenses of $650/month ($7,800 annually). This results in a solid Net Operating Income (NOI) of $28,200 annually. With an estimated Cap Rate between 8–9percent, this property presents an excellent investment opportunity in the growing St. Petersburg market. Both units have been fully remodeled, making them move-in ready or ideal for immediate rental. Contact me today to schedule a private showing and secure this investment opportunity.