3462 3RD AVENUE N at

3462 3RD AVENUE N

For sale Days on market 10

$679,000

$300/sq ft

$30,000
Price Increased

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Overview

Bedroom

Year Built

1981

Garage

Sqft

2260

Property Type

Duplex

Property Description

Under contract-accepting backup offers. Grand Central District Income Property — St. Petersburg, FL Duplex | Strong Cash Flow | Separate Meters | No Shared Walls This is the kind of property seasoned investors look for and rarely find — a true cash flowing duplex in one of St. Petersburg's most actively developing corridors, priced for the savvy buyer who understands value over aesthetics. The Property Two fully independent units with no shared walls — a layout that keeps tenant relations simple and turnover low. The property features two spacious 3 bed / 2 bath units with a market rent of $2,500/month each. No carpet anywhere — durable, low maintenance flooring throughout that tenants respect and landlords appreciate. One unit sits above the garage offering complete privacy and separation. The second unit is adjacent to the garage at ground level. A fully fenced private patio completes the outdoor space — a feature that attracts long term tenants and keeps vacancy low. The Numbers --- Current gross rent for Unit B — $4,800/month Potential Rent by August for Unit A -- $4800-$6000 Tenants cover all utilities — separate electric and water meters for both units Low overhead — low maintenance — strong tenant retention history The Mechanicals One new full HVAC system One new mini split unit Decent overall condition — solid bones — consistently tenant ready The Location — This Is Where The Money Is Centrally located in St. Petersburg's Grand Central District — one of the city's most actively evolving neighborhoods. Major commercial redevelopment has been approved along 34th Street between 22nd Ave N and 22nd Ave S — bringing new businesses, foot traffic, and long term appreciation to the immediate area. Surrounding improvements are already underway and values in this corridor are moving in one direction. This is not a flip. This is not a project. This is a durable, easy to manage, cash flowing asset in a market that is actively being invested in at the municipal and commercial level. Long term tenants, low turnover, and a location that gets better every year. Ideal for: First time investors using the house hack strategy Experienced investors adding a turnkey cash flowing asset Buyers seeking strong ROI in an appreciating St. Pete corridor

Property Details

MLS#

TB8516267

Garage

Address

3462 3RD

City

St Petersburg

State/county

Zip/Postal Code

33713

Area

Powers Central Park Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,945

Maint Fee

$--

Tax Year

2025

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