St. Petersburg - Beach Property For Sale #3090472

Amazing opportunity to own a fully occupied duplex (month to month lease) 1.5 miles away from Madeira beach. CAP RATE 7.5%!! Property is currently zoned commercially with C-1 zoning, but county will allow it to stay as residential use. You cannot add on additional units residentially, but you could add on additional units if you wanted to change it to commercial. Perfect air bnb location, short term rental or long term rental. SHORT TERM FINANCING AVAILABLE!! This property is currently an investment property for the owner generating $2400 per month when combining both units, A and B. LEASE IS MONTH TO MONTH making this a quick move in for new owner if they want to occupy! Unit A is a 2 bed/ 1 bath sitting at the front of the property closest to Seminole Blvd (598 Sq Ft). Unit B is a 1 Bed/ 1 Bath unit sitting at the back of the property (400 Sq Ft). Duplex only has ONE meter! It is not separately metered. *Bedroom photos for unit A are missing within the photos attached. NEW ROOF - October 2019!! Flood Zone X!! Price is FIRM! This property sits right next to Joe's on the Beach! Owner Financing Details: Interest Rate: 5%; Down Payment at Closing: At Least $60,000; Monthly Payments: At Least $2,600; 2 Year Short Term Financing. Property is tenant occupied. PLEASE DONOT DISTURB TENANTS OR DRIVE INTO PROPERTY. 24 Hour Notice Required. Appointment Only!