Under contract-accepting backup offers. Grand Central District Income Property — St. Petersburg, FL
Duplex | Strong Cash Flow | Separate Meters | No Shared Walls
This is the kind of property seasoned investors look for and rarely find — a true cash flowing duplex in one of St. Petersburg's most actively developing… Read More corridors, priced for the savvy buyer who understands value over aesthetics.
The Property
Two fully independent units with no shared walls — a layout that keeps tenant relations simple and turnover low. The property features two spacious 3 bed / 2 bath units with a market rent of $2,500/month each.
No carpet anywhere — durable, low maintenance flooring throughout that tenants respect and landlords appreciate.
One unit sits above the garage offering complete privacy and separation. The second unit is adjacent to the garage at ground level. A fully fenced private patio completes the outdoor space — a feature that attracts long term tenants and keeps vacancy low.
The Numbers
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Current gross rent for Unit B — $4,800/month
Potential Rent by August for Unit A -- $4800-$6000
Tenants cover all utilities — separate electric and water meters for both units
Low overhead — low maintenance — strong tenant retention history
The Mechanicals
One new full HVAC system
One new mini split unit
Decent overall condition — solid bones — consistently tenant ready
The Location — This Is Where The Money Is
Centrally located in St. Petersburg's Grand Central District — one of the city's most actively evolving neighborhoods. Major commercial redevelopment has been approved along 34th Street between 22nd Ave N and 22nd Ave S — bringing new businesses, foot traffic, and long term appreciation to the immediate area. Surrounding improvements are already underway and values in this corridor are moving in one direction.
This is not a flip. This is not a project. This is a durable, easy to manage, cash flowing asset in a market that is actively being invested in at the municipal and commercial level. Long term tenants, low turnover, and a location that gets better every year.
Ideal for:
First time investors using the house hack strategy
Experienced investors adding a turnkey cash flowing asset
Buyers seeking strong ROI in an appreciating St. Pete corridor Read Less
Courtesy of EXP REALTY LLC 888-883-8509
Listing Snapshot
Days Online
10
Last Updated
Property Type
Duplex
Beds
6
Square Ft.
2,260
Lot Size
0.15 Acres
Year Built
1981
MLS Number
TB8516267
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1981, Living area: 2260, Living area units: Square Feet, Construction Materials: Block, Vinyl Siding, Frame
Cooling
Central Air
Exterior Features
Fence
Floors
Luxury Vinyl
Foundation
Slab
Garage
4 spaces
Heating
Electric
Interior Features
Ceiling Fans(s)
Laundry
Laundry Room
Lot
0.15 acres, Dimensions: 50x127
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 22-31-16-72756-012-0080, Public Survey Range: 16, Public Survey Section: 22, Annual Amount: $6,945.13, Tax Block: 12, Tax Book Number: 10-68, Legal Description: POWERS CENTRAL PARK SUB BLK 12, LOT 8, Lot: 8, Year: 2025
Utilities
Sewer Connected, Water - Multiple Meters, Water Connected, Water Source: Public
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