Sarasota's Premier Homes

1423 DR MARTIN LUTHER KING JR STREET N

ST PETERSBURG , FL 33704

MLS#: TB8391593

$950,000

Status: Active
Listing number: TB8391593
Listing provided by: COMPASS FLORIDA LLC
Listing agent phone: None
Last update: 2 days ago
On site: a month ago
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INTERMONT G L HUNTS DIV - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1928

Sq.Footage

2,208

Investors or house-hackers! This is a must-see, beautifully renovated multi-family property located in the highly desirable Crescent Lake area of St Petersburg. This exquisite duplex offers two spacious 2 bed/1 bath units along with a detached 3-car garage, presenting a prime investment opportunity, as the property is currently zoned to construct up to 4 units. Currently bringing in $63,000 of rental income annually with long-term tenants in place. This historic home was fully renovated in 2022 up to today's standards. Upgrades included a new roof, new HVAC, new gas water heaters, new electrical throughout and plumbing updated as well. The kitchens in both units feature charming and modern updates including new cabinetry and new appliances. Open shelving and updated backsplashes add a touch of contemporary style. The bathrooms have been refreshed with new vanities while preserving the original tile and refinishing the cast iron tubs, highlighting the home's historic charm. Endless windows throughout both units let in the natural light complemented by stunning window treatments. The backyard features a shared laundry space in a covered area attached to the garage, and an expansive backyard perfect for entertaining! Both units also offer large front porches, ideal for relaxing with a morning coffee or evening drink. This exceptional property is a rare find and outstanding investment opportunity. Don’t miss the chance to make this stunning duplex your new venture!

Features & Amenities

Interior

  • Other Interior Features

    Crown Molding, Eat-in Kitchen

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Electric

Exterior

  • Garage

    Yes

  • Garage spaces

    3

  • Construction Materials

    Frame

  • Other Exterior Features

    Balcony, Courtyard, Lighting

  • Parking

    Common, Deeded, Driveway, Garage Faces Rear, Off Street

  • Patio and Porch Features

    Covered, Front Porch, Patio

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Landscaped, Level, Near Public Transit

  • Lot Size(acres)

    0.15

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $950,000

  • Tax Amount

    13270.61

  • Sq. Footage

    2, 208

  • Price/SqFt

    $430

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    St. Petersburg High-PN

Property Features

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Middle School

High School

St. Petersburg High-PN

Listing Courtesy of Emma Yepsen Pardo , COMPASS FLORIDA LLC

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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Investors or house-hackers! This is a must-see, beautifully renovated multi-family property located in the highly desirable Crescent Lake area of St Petersburg. This exquisite duplex offers two spacious 2 bed/1 bath units along with a detached 3-car garage, presenting a prime investment opportunity, as the property is currently zoned to construct up to 4 units. Currently bringing in $63,000 of rental income annually with long-term tenants in place. This historic home was fully renovated in 2022 up to today's standards. Upgrades included a new roof, new HVAC, new gas water heaters, new electrical throughout and plumbing updated as well. The kitchens in both units feature charming and modern updates including new cabinetry and new appliances. Open shelving and updated backsplashes add a touch of contemporary style. The bathrooms have been refreshed with new vanities while preserving the original tile and refinishing the cast iron tubs, highlighting the home's historic charm. Endless windows throughout both units let in the natural light complemented by stunning window treatments. The backyard features a shared laundry space in a covered area attached to the garage, and an expansive backyard perfect for entertaining! Both units also offer large front porches, ideal for relaxing with a morning coffee or evening drink. This exceptional property is a rare find and outstanding investment opportunity. Don’t miss the chance to make this stunning duplex your new venture!

1423 DR MARTIN LUTHER KING JR STREET N

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