516 Northmoor Avenue N, ST PETERSBURG, FL 33702
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Priced at Only: $389,500
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Address: 516 Northmoor Avenue N, ST PETERSBURG, FL 33702
Property Location and Similar Properties
- MLS#: TB8397028 ( Residential Income )
- Street Address: 516 Northmoor Avenue N
- Viewed: 7
- Price: $389,500
- Price sqft: $222
- Waterfront: No
- Year Built: 1967
- Bldg sqft: 1756
- Bedrooms: 5
- Total Baths: 3
- Garage / Parking Spaces: 1
- Days On Market: 33
- Additional Information
- Geolocation: 27.8334 / -82.6419
- County: PINELLAS
- City: ST PETERSBURG
- Zipcode: 33702
- Subdivision: North St Petersburg
- Provided by: INSTA REAL ESTATE SOLUTIONS
- Contact: Michael Schultz
- 813-586-0654
- DMCA Notice
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DescriptionInvestor Opportunity Single Family Home with In Law Suite, Dual Kitchens, Separate Entrances & New Roof, and a potential 9 Cap. This single family home, zoned as such, is a versatile and income producing asset in the heart of St. Petersburg. With one water meter and one electric meter, the layout is ideal for dual living offering two private entrances, two full kitchens, and clear separation between spaces, making it perfect for house hacking, long term rental, or multi generational living. The main unit includes 3 bedrooms and 1 bath (using the enclosed porch as a third bedroom), and the permitted in law suite (built in 2000) features 2 bedrooms, 1.5 baths, a private kitchen, and separate alley entrance with an electric gate and covered carport great for RVs, boats, or work vehicles. Property Features: Zoned Single Family Residential New Roof (2025) major improvement completed Two full kitchens and separate entrances Separate in law suite ideal for rental income Two backyard sheds for additional storage Fenced yard with room for pets, gardening, or outdoor use and an electric gate. A single set of utilities keeps costs simple Rental Income & Investment Potential: Projected Gross Rent: $4,500/month or $54,000/year Estimated NOI (after estimated expenses): $37,800/year At a $419,000 price point, this yields an impressive 9 Cap. Live in one unit and rent the other, or lease both for maximum ROI. This property offers built in flexibility and is located in a desirable area close to major roads, shopping, schools, and parks. Dont miss out on this high performing investment property schedule your private showing today!
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Awning(s), Shade Shutter(s)
- Flooring: Ceramic Tile, Laminate
- Living Area: 1676.00
- Other Structures: Shed(s)
- Roof: Membrane
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 1.00
- Cooling: Central Air, Wall/Window Unit(s)
- Heating: Electric
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Country: US
- Interior Features: Ceiling Fans(s)
- Legal Description: NORTH ST PETERSBURG BLK 68, LOT 30
- Levels: Multi/Split
- Area Major: 33702 - St Pete
- Occupant Type: Vacant
- Parcel Number: 31-30-17-61146-068-0300
- Possession: Close Of Escrow
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