2510 16th Avenue N, St Petersburg, FL 33713
- $895,000
- 5
- BD
- 4
- BA
- 2,244
- SqFt
- List Price
- $895,000
- Status
- Pending
- Days on Market
- 12
- MLS#
- TB8525945
- Property Style
- Triplex
- Year Built
- 2023
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,244
- Lot Size
- 5,624
- Acres
- 0.13
- Total Acreage
- 0 to less than 1/4
- Building Name
- Kenwood Commons
- Legal Subdivision Name
- Avalon
- MLS Area Major
- St Pete
Property Description
Under contract-accepting backup offers. A 1031 Buyer or House Hacker's Dream! This rare, fully legal, and licensed triplex in sought-after North Kenwood is a true plug-and-play asset! The property is fully furnished and occupied with 5 income streams, averaging over $7,250/mo in rental income (2025 actual). The main home is a 3/2 block home custom-built by the seller in 2023, consistently rented by the room to three separate roommates (T-12 occupancy 96%) and averaging around $3,800/mo in rental income. The rear building is a 1950s block structure that was completely renovated in 2022 to include new electrical, plumbing, and central HVAC; the rear bldg roof was replaced in 2020. This rear building is a 2-story up-and-down duplex with two fully furnished 1/1 apartments averaging $2,000/mo each (T-12 occupancy 97 %, with only 14 nights of vacancy between the two apartments). The property attracts snowbirds, digital nomads, and returning annual guests, and is professionally managed with a comprehensive tech stack that includes dynamic pricing, listing syndications, and smart integrations (ongoing management is available for a true hands-free investment).High and dry with no flood insurance requirement or HOA, the property features three electric meters, 5 parking spaces, and a shared paver patio courtyard with a BBQ and fire pit. All three units have indoor laundry and central HVAC. Survey, 4-point, wind mitigation, rental license, and other documentation are attached. A 1031 buyer could snap this up with low/no debt service and utmost confidence in high occupancy/income and very low CapEx, while a house-hacker could pick this up with as little as 5% down (or less for FHA/VA), occupy any of the units, and still maintain 4 separate income streams! FHA/VA ready with almost no appraisal risk for financed buyers (property appraised for $825k in 2023 upon completion of construction, during a tighter credit market, before utilities were even connected).
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Additional Information
- Taxes
- $7754
- Annual Gross Income
- 87376
- Location
- City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- NT-1
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
- Floor
- Luxury Vinyl, Tile
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Courtyard, Fence, Fire Pit, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Driveway, Ground Level, Guest, Off Street
- Elementary School
- Woodlawn Elementary-Pn
- Middle School
- John Hopkins Middle-Pn
- High School
- St. Petersburg High-PN
- Flood Zone Code
- X
- Parcel ID
- 14-31-16-01782-011-0020
- Legal Description
- AVALON BLK 11, LOT 2
Listing courtesy of COPELAND MORGAN LLC. 727-235-7988
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