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1423 Dr Martin Luther King Jr Street N
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PRICED AT ONLY: $899,000

Address: 1423 Dr Martin Luther King Jr Street N, ST PETERSBURG, FL 33704

Description

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, Florida. 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 leased with long term tenants in place, bringing in $63,000 of rental income annually. 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. Dont miss the chance to make this stunning duplex your new venture!

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More Like This
  • MLS#: TB8391638 ( Residential )
  • Street Address: 1423 Dr Martin Luther King Jr Street N
  • Viewed: 6
  • Price: $899,000
  • Price sqft: $278
  • Waterfront: No
  • Year Built: 1928
  • Bldg sqft: 3238
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Garage / Parking Spaces: 3
  • Days On Market: 99

Description

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, Florida. 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 leased with long term tenants in place, bringing in $63,000 of rental income annually. 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. Dont miss the chance to make this stunning duplex your new venture!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Courtyard, Lighting, Sidewalk
  • Fencing: Fenced
  • Flooring: Wood
  • Living Area: 2208.00
  • Roof: Shingle
Land Information
  • Lot Features: City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
School Information
  • High School: St. Petersburg High-PN
Garage and Parking
  • Garage Spaces: 3.00
  • Open Parking Spaces: 0.00
  • Parking Features: Driveway, Garage Faces Rear, Off Street
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Public, Sewer Available, Water Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Interior Features: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
  • Legal Description: INTERMONT, G.L. HUNT'S DIV LOT 3
  • Levels: Two
  • Area Major: 33704 - St Pete/Euclid
  • Occupant Type: Tenant
  • Parcel Number: 18-31-17-43146-000-0030
  • Possession: Close Of Escrow
  • Zoning Code: MULTI-FAM
Nearby Subdivisions
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