147 42ND AVE NE, ST PETERSBURG, FL, 33703
$589,000
Residential Income
Bedrooms
2
Bathrooms
1
Living Area
1,814 Sqft
Lot Size
7,562 Sqft
100% Occupied – Exceptional Cash Flow & Investment Potential with Minimal Maintenance! This is a rare opportunity to acquire two concrete block homes for the price of one, offering excellent income potential with virtually no upkeep. Recently updated and well-maintained, this property consists of three fully rented units, making it the perfect addition to your investment portfolio. Whether you're interested in mid, or long-term rentals, this property has it all. Alternatively, live in one unit and rent out the others to generate passive income. Property Features: MAIN HOUSE: A charming 2-bedroom, 1-bathroom home offering spacious living and dining areas. Both bedrooms include walk-in closets, and the home boasts a private laundry room for added convenience. MOTHER-IN-LAW SUITE: A beautifully furnished 1-bedroom, 1-bathroom unit, complete with a private patio with hot tub, artificial turf, storage space, and its own laundry area. LUXURY GARAGE/STORAGE: A high-end, fully remodeled, and furnished garage that features a kitchenette, bathroom, workshop area, and generous storage options. This versatile space adds both functionality and value. The property’s design emphasizes low-maintenance living, with all units recently updated to ensure durability and minimal upkeep. Located in a desirable neighborhood with easy access to everything you need, you’ll enjoy the convenience of being just one block away from a scenic bike path leading straight to Downtown St. Petersburg. A quick 5-minute walk brings you to Publix, Whole Foods, and a variety of local amenities. Best of all, your additional income from the mother-in-law suite and garage will comfortably offset your mortgage payments, ensuring that this property is not only a great place to live but also a smart financial investment.
Property Details
Property Features Property Features
MLS ID: MFRTB8354617 Year Built: 1950
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer Construction Materials: Block, Concrete, Stucco
Cooling: Central Air, Mini-Split Unit(s) Country: US
Exterior Features: Dog Run, Fence, Garden, Hurricane Shutters, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sidewalk Financial Data Source: Owner
Flooring: Ceramic Tile, Luxury Vinyl, Vinyl Foundation Details: Block, Slab
Furnished: Partially Heating: Central, Heat Pump
Laundry Features: Inside, Laundry Closet Lease Term: 6-12 Month
Levels: One Listing Agreement: Exclusive Right To Sell
Lot Features: Private Occupant Type: Tenant
Parking Features: Bath In Garage, Boat, Covered, Curb Parking, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Garage Faces Rear, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest, Off Street, On Street, Open, Oversized, Parking Pad, RV Parking, Tandem, Workshop in Garage Patio And Porch Features: Covered, Deck, Front Porch, Patio, Porch, Rear Porch
Property Condition: Completed Property Sub Type: Triplex
Property Type: Residential Income Road Responsibility: Public Maintained Road
Road Surface Type: Concrete Roof: Shingle
Security Features: Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: Appointment Only Spa Features: Above Ground, Heated
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Cable Available, Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Sewer Connected, Sprinkler Well, Water Connected
View: Garden Water Source: Public
Window Features: Blinds, Double Pane Windows, Impact Glass/Storm Windows, Shades, Shutters
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