Under contract

2510 16TH Ave N, St. Petersburg, FL 33713

Beds
5
Baths
4
Sqft
2,244

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCopeland Morgan LLC
  • 0
  • 0

Overview

Under contract-accepting backup offers. A 1031 Buyer or House Hacker's Dream! This rare, fully legal, and licensed triplex in sought-after North Kenwood is a true plug-and-play asset! The property is fully furnished and occupied with 5 income streams, averaging over $7,250/mo in rental income (2025 actual). The main home is a 3/2 block home custom-built by the seller in 2023, consistently rented by the room to three separate roommates (T-12 occupancy 96%) and averaging around $3,800/mo in rental income. The rear building is a 1950s block structure that was completely renovated in 2022 to include new electrical, plumbing, and central HVAC; the rear bldg roof was replaced in 2020. This rear building is a 2-story up-and-down duplex with two fully furnished 1/1 apartments averaging $2,000/mo each (T-12 occupancy 97 %, with only 14 nights of vacancy between the two apartments). The property attracts snowbirds, digital nomads, and returning annual guests, and is professionally managed with a comprehensive tech stack that includes dynamic pricing, listing syndications, and smart integrations (ongoing management is available for a true hands-free investment).High and dry with no flood insurance requirement or HOA, the property features three electric meters, 5 parking spaces, and a shared paver patio courtyard with a BBQ and fire pit. All three units have indoor laundry and central HVAC. Survey, 4-point, wind mitigation, rental license, and other documentation are attached. A 1031 buyer could snap this up with low/no debt service and utmost confidence in high occupancy/income and very low CapEx, while a house-hacker could pick this up with as little as 5% down (or less for FHA/VA), occupy any of the units, and still maintain 4 separate income streams! FHA/VA ready with almost no appraisal risk for financed buyers (property appraised for $825k in 2023 upon completion of construction, during a tighter credit market, before utilities were even connected).

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Number of bathrooms
4
Square feet
2,244
Lot size (acres)
0.13
Year built
2023

Interior features

Laundry
Washer Hookup, Inside, Electric Dryer Hookup

Utilities

Heating
Electric, Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$7,754.31

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Stellar MLS MLS®#: TB8525945 Last checked:

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.