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Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
2023
Sq.Footage
2,244
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).
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Courtyard, Fire Pit
-
Parking
Driveway, Guest, Off Street
-
Patio and Porch Features
Patio, Porch
-
Pool
No
-
Waterfront YN
NO
-
View
City, Garden
Area & Lot
-
Lot Features
Landscaped, Level, Near Public Transit, Paved
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5624.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$895,000
-
Tax Amount
$7,754.31
-
Sq. Footage
2, 244
-
Price/SqFt
$398
HOA
-
Association
No
School District
-
Elementary School
Woodlawn Elementary-PN
-
Middle School
John Hopkins Middle-PN
-
High School
St. Petersburg High-PN
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
2
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Woodlawn Elementary-PN
Middle School
John Hopkins Middle-PN
High School
St. Petersburg High-PN
Listing Courtesy of Jeff Copeland , COPELAND MORGAN LLC
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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