$780,000
Pending · 329 days on market · MLS# MFRTB8405558
| Bedrooms | 5 |
|---|---|
| Living area | 2,146 sq ft |
| Lot size | 0.18 acres |
| Year built | 1925 |
| Property type | Triplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $8,392 |
| County | Pinellas |
Under contract-accepting backup offers. Welcome to a rare income-producing gem in the heart of St. Petersburg’s beloved Magnolia Heights neighborhood! This fully updated triplex sits on a spacious double lot, with three furnished income-producing units plus an additional empty lot offering future upside. The Numbers: Projected income using a furnished medium-term rental model (30+ days) for the three units is well-suited for St. Pete’s booming travel nurse, remote worker, and snowbird market. Expenses consistently low at ~$16,000–$17,000/year. Detailed month-by-month financials are available to serious buyers upon request through the listing agent. Unit 3314 is a beautifully renovated 1BR/1BA with luxury vinyl flooring, granite countertops, indoor laundry, and a private backyard pergola. Unit 3312 is a charming 2-story 2BR/1BA with alley access, open-concept living, hurricane shutters, and an artificial turf backyard. Unit 3320 mirrors 3312’s layout with all new appliances and updated landscaping. The additional lot offers flexibility for a future build, expanded parking, outdoor entertaining space, or other uses, buyer to verify permitted uses with the city. Every unit features a private fenced backyard, dedicated parking, new AC, smart locks, and separate entrances. NO flood zone. Zero flooding or water damage history. Minutes from Downtown St. Pete, the beaches, St. Pete/Clearwater Airport, and the Tampa Bay healthcare corridor. Detailed financials are available to serious buyers through the listing agent.
Listing courtesy of Nicole Smith, MADISON HEIGHTS REALTY GROUP. Presented by MC Homes Realty Inc · 727432218.