330 20th Ave St Petersburg, FL 33705

Listing details for 330 20th Ave, St Petersburg, FL 33705 : 330 20th Ave S, St. Petersburg, FL — Income Producing Quadplex Exceptional 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.