Property Description

Welcome to a rare income-producing gem in the heart of St. Petersburg's beloved Magnolia Heights neighborhood! This fully updated triplex sits on a spacious double lot and comes with not 3 but 4 active income streams - three furnished units plus a bonus RV/glamping lot that's already earning.The Numbers: 2024 verified net income of $105,238. Projected hybrid income of $75,000-$95,000/year using a furnished medium-term rental model (30+ days) - perfectly suited for St. Pete's booming travel nurse, remote worker, and snowbird market. Expenses consistently low at ~$16,000-$17,000/year. Cap rate of 9.5 return+ at asking price. Detailed month-by-month financials are available to serious buyers upon request through the listing agent.Unit 3314 is a beautifully renovated 1BR/1BA with luxury vinyl flooring, granite countertops, indoor laundry, and a private backyard pergola. Unit 3312 is a charming 2-story 2BR/1BA with alley access, open-concept living, hurricane shutters, and an artificial turf backyard. Unit 3320 mirrors 3312's layout with all new appliances and updated landscaping. The bonus RV/glamping lot is already active with a 4.70 Airbnb rating across 20 reviews.Every unit features a private fenced backyard, dedicated parking, new AC, smart locks, and separate entrances. NO flood zone. Zero flooding or water damage history. Minutes from Downtown St. Pete, the beaches, St. Pete/Clearwater Airport, and the Tampa Bay healthcare corridor. Detailed financials are available to serious buyers through the listing agent.

Property Features