618 17TH AVE S St Petersburg, FL 33701

Welcome to your next investment opportunity nestled in the charming Barlett Park community of St. Petersburg! This triplex offers a blend of versatility, functionality, and potential, making it an ideal addition to any savvy investor's portfolio. The property consists of two separate buildings. Each unit has been meticulously updated in the last two years, featuring a newer roof, new central A/C, new mini split units, and all new plumbing. The interiors features new luxury vinly plank flooring, new shaker cabinets, granite countertops, new paint and trim, and recently remodeled bathrooms. The front building consists of a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit. The 2/1 features a spacious layout with a bonus room that can be used as a 3rd bedroom or office. It is currently rented for $1,640/mo on a yearly lease. The 1 bedroom 1 bath features a spacious floor plan with a living room and pantry. It is rented for $1,400/mo on a yearly lease. Lastly, the studio up top of the back building is rented for $1,200/mo on a yearly lease, totaling $4,240 in gross income per month. After taxes and insurance, the property is on pace to net $39,416.74 per year. Additionally, the bottom unit out back features 440 square feet of unifinished utility space (UTU) with a bathroom and heating/cooling. All 3 units are separrately metered for electric, while the water bill is split evenly among the tenants via existing property management. Front street parking and back alley parking available to tenants.

Don't miss out on your opportunity to own THREE units in Barlett Park, one of St. Pete's best kept secrets! Just off 4th Street and minutes from downtown and the Trop. Cash or conventional offers preferred.

*NO WHOLESALERS, NO CREATIVE FINANCING* Serious buyers only, all financials available for review prior to showings.