Charming 1925 Bungalow with Detached Apartment: Live In One, Rent the Other, or Invest in Both. Classic character meets smart income potential. This 3-bedroom, 1-bath 1925 bungalow comes with a detached 1-bedroom apartment in the back, giving you the flexibility to live in one and rent the other, house-hack your… Read More way to a lower monthly payment, or build a two-unit rental portfolio in a single purchase. The main house has the warmth and craftsmanship that only a 1920s bungalow can offer, with major updates already done for you. Within the past two years, it received a new roof, a new A/C system, a new hot water heater, and several new windows, so you can skip the big-ticket surprises and get right to enjoying it.The detached 1-bedroom unit is equally well prepared, with all-new windows and brand new central heat and air. It's private, efficient, and already has a tenant in place giving you immediate income. Each unit has its own dedicated parking, a rare and valuable perk for a two-unit property. Tenants and owners alike will appreciate the convenience and separation. This property is positioned to meet the coveted 1% rule for investors through the Section 8 program. For Fiscal Year 2026, HUD fair market rents are $2,900 for the front house and $1,950 for the 1-bedroom back unit, with both figures scheduled to increase in Fiscal Year 2027. That's strong, reliable income potential with updated systems that help keep maintenance costs in check.Whether you're an owner-occupant looking for rental income to offset your mortgage, or an investor seeking cash flow with low-maintenance upgrades, this property delivers options that are hard to find. Schedule your private showing today. Read Less
Courtesy of KELLER WILLIAMS ST PETE REALTY 727-894-1600
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,448
Lot Size
0.12 Acres
Year Built
1925
MLS Number
TB8544687
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Paved
Appliances & Equipment
Electric Water Heater, Range, Refrigerator
Building
Built in 1925, Living area: 1448, Living area units: Square Feet, Building faces North, Levels: Multi/Split, Construction Materials: Frame
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