406 10 NE AVENUE, St Petersburg, FL 33701

Location, Location, Location! Really! In the Old Northeast neighborhood, Bayside: a charming, Craftsman cottage containing three legal apartment units and a two-car garage, surrounded by two garden courtyards, one with an adjacent parking pad. Who could ask for more so close to Tampa Bay parks and beaches, Downtown shops, restaurants and other amenities? This property features two remodeled, 1-bed/1-bath apartments, each with new kitchens, and one updated 1-bed/1-bath apartment above the two car garage. All units contain central AC, a dishwasher and in unit washer and dryer, original hardwood flooring, and an outdoor patio enclosed by mature, tropical landscaping. Additional perks include a new roof in 2018, a new vinyl fence around the property in 2023, and updated, electrical panels in 2009. Potential 2024 annual gross income from rent: $61,000+.

For those who seek a home for themselves – with a garage, an Accessory Dwelling Unit (ADU), and two courtyards – the two lower apartments could be converted to a comfortable 2-bed/2-bath home, with minimal remodeling. To complete the picture a gated, garden wall, topped with flower boxes, would provide the privacy some might desire for the front courtyard.