4502 9TH AVE S, ST PETERSBURG, FL, 33711
$399,000
Residential Income
|
Bedrooms
4
|
Bathrooms
2
|
Living Area
1,448 Sqft
|
Lot Size
5,040 Sqft
|
Investors, this is your cash cow! Two-Unit Income Property: 1925 Bungalow + Detached 1BR, Tenant in Place, Major Systems Updated
Turnkey two-unit investment with income from day one. This property pairs a 3-bedroom, 1-bath 1925 bungalow with a detached 1-bedroom apartment, giving you two separate rentable units on one lot, in one closing.
The capital expenditures are largely done. Within the past two years, the main house received a new roof, new A/C, a new water heater, and several new windows. The back unit has all-new windows and brand-new central heat and air. Updated systems mean lower near-term maintenance costs and fewer surprises in your first years of ownership.
The detached unit is currently rented on a month-to-month basis, providing immediate cash flow with the flexibility to keep the existing tenant or reposition the unit. The main house will be available for a new tenant on November 1, so you can set your own lease terms and rent. Each unit has its own dedicated parking, which helps with tenant appeal and retention.
The rent numbers support strong returns. FY2026 HUD Fair Market Rents for this property are $2,900 for the 3-bedroom and $1,950 for the 1-bedroom, a combined $4,850 per month in potential gross rent. Don't miss out on adding this money maker to your portfolio..
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8554668 | Year Built: | 1925 | |
| Appliances: | Electric Water Heater, Range, Refrigerator | Construction Materials: | Frame | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Pinellas | Exterior Features: | Other, 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: | Duplex | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, No Lockbox, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Trash Collection, Water | |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected | Water Source: | Public | |
We love to hear from you