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 units each offering 2 bedrooms and 2 bathrooms with porcelain tile and luxury vinyl flooring throughout. Both units include inside utility rooms with laundry and private yard spaces providing added comfort and convenience for tenants.One unit is currently occupied by a reliable long-term tenant providing immediate income while the second unit is vacant ideal for an owner-occupant or an investor looking to lease at market rates. Rental income is currently below market with strong upside potential to approximately $2,150 per unit beginning August 1, 2026.Tenants are responsible for electricity and water, with separately metered utilities helping keep operating expenses low and management simple. Built in 1984 the property is constructed of solid concrete block and offers ample on-site parking.Ideally located between I-275 and US-19, this property provides convenient access to St. Petersburg, Tampa, and Clearwater. Situated in a non-flood zone (no flood insurance required) it offers 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, including the St. Pete Pier, waterfront dining, museums, and shopping. A short drive to the Gulf beaches and convenient access to St. Pete-Clearwater International Airport and Tampa International Airport further enhance the appeal.A rare opportunity to own a versatile, income-producing property in a high-demand rental area with strong long-term growth potential.2983 UNIT IS TENANT OCCUPIED - PLEASE DO NOT DISTURB TENANTS- ONLY 2985 CAN BE SEEN.
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: 11
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
Agency Title: RealtyMark
Agency Phone: 888-260-0400
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
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 www.realtymark.net today.