Brenda C. Rider, PA
REALTOR®, MCNE, e-Pro, C2EX
BEDS0
BATHS
SQUARE FEET2,093
MLS#TB8476365
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONROUSLYNN
Property Description
330 20th Ave S, St. Petersburg, FL - Income Producing QuadplexExceptional investment opportunity in the highly desirable Old Southeast neighborhood of St. Petersburg. This well-maintained income-producing property consists of two separate duplex buildings, offering immediate cash flow with additional upside potential.The front building is a single-story duplex featuring two 1-bedroom, 1-bath units. The rear building includes a 1-bedroom, 1-bath unit on the main floor and a spacious 2-bedroom, 1-bath unit upstairs, providing a desirable unit mix for a variety of tenants.Three units are currently leased at $1,495, $1,495, and $1,450 per month, while one unit is vacant and ready for occupancy at $1,495 per month. The 2-bedroom unit is currently rented below market, with estimated market rent closer to $2,000 per month, creating a strong value-add opportunity for investors seeking increased returns. At market rates, a CAP rate of approximately 6.6% would be achieved.This property offers solid cash flow today with room for rental growth tomorrow, making it ideal for both seasoned investors and those looking to expand their portfolio.Located just minutes from vibrant Downtown St. Petersburg, residents enjoy quick access to waterfront parks, Beach Drive, the St. Pete Pier, restaurants, shopping, museums, and major employment centers. The Old Southeast neighborhood continues to see strong demand and long-term appreciation, making this a strategic addition to any investment portfolio.Don't miss this opportunity to own a versatile, income-producing asset in one of St. Pete's most sought-after locations.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $10,423
Year Built: 1948
Amenities
Ninguno
None
Private Yard
Feature Descriptions
Annual Net Income: 69861.00
Days on Site: 69
Directions: From Downtown St. Petersburg, head south on 4th St S.Turn left onto 20th Ave S and continue east.Property will be on the right at 330 20th Ave S.
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.16
Other Equipment: None, Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 4
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: INSTA REAL ESTATE SOLUTIONS
Agency Contact: 813-586-0654
Shown By
Agent Name: Brenda C. Rider, PA
Agent Phone: (813) 299-8599
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 3,132.83 per month $2,001.90 Principal & Interest $868.58 Property Tax $262.35 Homeowner's InsuranceChange Payment Information
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330 20th Avenue S | MLS# TB8476365
This multi-family property located at 330 20th Avenue S, Saint Petersburg, FL 33705 is currently listed for sale with an asking price of $899,500. Search Saint Petersburg real estate on brider.floridaexecutiverealty.com today.