4502 9TH AVE S, ST PETERSBURG, FL, 33711
$399,000
Residential
Bedrooms
4
Bathrooms
2
Living Area
1,448 Sqft
Lot Size
5,040 Sqft
Charming 1925 Bungalow with Detached Apartment: Live In One, Rent the Other, or Invest in Both. Classic character meets smart income potential. This 3-bedroom, 1-bath 1925 bungalow comes with a detached 1-bedroom apartment in the back, giving you the flexibility to live in one and rent the other, house-hack your way to a lower monthly payment, or build a two-unit rental portfolio in a single purchase. The main house has the warmth and craftsmanship that only a 1920s bungalow can offer, with major updates already done for you. Within the past two years, it received a new roof, a new A/C system, a new hot water heater, and several new windows, so you can skip the big-ticket surprises and get right to enjoying it.The detached 1-bedroom unit is equally well prepared, with all-new windows and brand new central heat and air. It's private, efficient, and already has a tenant in place giving you immediate income. Each unit has its own dedicated parking, a rare and valuable perk for a two-unit property. Tenants and owners alike will appreciate the convenience and separation. This property is positioned to meet the coveted 1% rule for investors through the Section 8 program. For Fiscal Year 2026, HUD fair market rents are $2,900 for the front house and $1,950 for the 1-bedroom back unit, with both figures scheduled to increase in Fiscal Year 2027. That's strong, reliable income potential with updated systems that help keep maintenance costs in check.Whether you're an owner-occupant looking for rental income to offset your mortgage, or an investor seeking cash flow with low-maintenance upgrades, this property delivers options that are hard to find. Schedule your private showing today.
Property Details
Property Features Property Features
MLS ID: MFRTB8544687 Year Built: 1925
Appliances: Electric Water Heater, Range, Refrigerator Architectural Style: Bungalow
Construction Materials: Frame Cooling: Central Air
Country: US County Or Parish: Pinellas
Direction Faces: North Exterior Features: Sidewalk
Flooring: Ceramic Tile, Tile Foundation Details: Crawlspace
Furnished: Unfurnished Heating: Electric
Laundry Features: Electric Dryer Hookup, Washer Hookup Levels: Multi/Split
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Other
Lot Features: City Limits Occupant Type: Tenant
Parking Features: Driveway Patio And Porch Features: Front Porch
Pets Allowed: Yes Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Single Family Residence
Property Type: Residential Road Responsibility: Public Maintained Road
Road Surface Type: Paved Roof: Shingle
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Do Not Contact Tenants, No Lockbox, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Public
Rooms Rooms
Living Room: Kitchen:
Primary Bedroom: Bedroom 2:
Bedroom 3: Dining Room:
We love to hear from you