2220 7TH STREET S at

2220 7TH STREET S

For sale Days on market 107

$339,900

$307/sq ft

$20,000
Price Decreased

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Overview

Bedroom

Year Built

1947

Garage

Sqft

1107

Property Type

Duplex

Property Description

Under contract-accepting backup offers. Major Price Reduction – 8.06% Cap Rate on Fully Renovated Duplex This turnkey duplex in St. Petersburg has received a strategic price reduction and is ready for immediate occupancy and income generation. The property includes two 1-bedroom, 1-bath units fully renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance investment with strong rental potential. Financials based on market rents: adjusted price $339,900, projected annual gross income of $36,000 ($3,000 per month), and a Net Operating Income (NOI) of $28,200, reflecting an estimated 8.06% cap rate. The property is located in the desirable 33705 ZIP code, minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area offers strong rental demand, stable occupancy trends, and long-term appreciation potential. A fully renovated, income-ready asset positioned for solid and reliable returns. Easy to show. Schedule your private tour today.

Property Details

MLS#

TB8425755

Garage

Address

2220 7TH

City

St Petersburg

State/county

Zip/Postal Code

33705

Area

Harbordale Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,289

Maint Fee

$--

Tax Year

2024

Electric Water Heater

Range

Refrigerator

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