BEDS2
BATHS
SQUARE FEET788
MLS#TB8517559
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBOBBITTS
Property Description
Rare Crescent Lake Duplex Opportunity | Income-Producing Property with Seller Financing Available! 860 12th Avenue N presents an exceptional opportunity to acquire a versatile income-producing duplex in the heart of Crescent Lake. Whether you're an investor seeking strong rental potential, a buyer looking to offset ownership costs through a house-hack strategy, or someone envisioning a multi-generational living arrangement, this unique property offers an incredible combination of flexibility, location, and long-term upside. Adding to its appeal, the neighboring single-family residence at 1162 Highland Street N is also being offered for sale, creating a rare opportunity to acquire two adjacent properties and establish a private compound, expand an investment portfolio, or create a truly unique live-work or multi-property income strategy. Creative seller financing is available on either or both properties. The duplex features two distinct living spaces thoughtfully designed to maximize functionality and appeal. The ground-floor studio apartment offers a comfortable and private retreat complete with a charming screened-in porch-an inviting space for morning coffee, evening relaxation, or additional outdoor living. Upstairs, the spacious 2-bedroom, 1-bathroom residence enjoys an abundance of natural light and opens to a private balcony, providing an ideal setting to enjoy Florida's year-round sunshine and neighborhood views. Properties offering this level of flexibility in Crescent Lake are increasingly difficult to find. Live in one unit while generating income from the other, lease both units for investment returns, accommodate extended family, or capitalize on the opportunity to acquire both neighboring properties and unlock even greater possibilities. Located just moments from Crescent Lake Park, downtown St. Petersburg, award-winning restaurants, vibrant shopping, waterfront parks, and the city's thriving arts and cultural scene, this is more than an investment opportunity-it's a chance to secure a foothold in one of Tampa Bay's most sought-after neighborhoods with exceptional upside and endless potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Electric
Lot Size: 0.03 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $3,140
Year Built: 1930
Amenities
Ceiling Fans(s)
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Solid Wood Cabinets
Split Bedroom
Window Treatments
Lighting
Sidewalk
Feature Descriptions
Annual Net Income: 36000.00
Directions: From 9th St N, turn left on 12th Ave N, and property is on the right.
Exterior: Frame
Fireplace: Decorative
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Tile, Vinyl
Foundation: Stilt/On Piling
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, Owner Financing
Lot Dimensions: 0.03
Ownership: Fee Simple
Patio/Porch: Front Porch, Screened
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: COMPASS FLORIDA LLC
Agency Contact: 727-380-2067
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,268.56 per month $890.23 Principal & Interest $261.67 Property Tax $116.67 Homeowner's InsuranceChange Payment Information
860 12th Avenue N | MLS# TB8517559
This multi-family property located at 860 12th Avenue N, Saint Petersburg, FL 33701 is currently listed for sale with an asking price of $400,000. Search Saint Petersburg real estate on www.realtymark.net today.