2220 7TH STREET S, St Petersburg, FL 33705

• 2 beds |
• 2 baths |
• 1,107 sqft

Property Description

Major Price Reduction – 8.06% Cap Rate on Fully Renovated Duplex! This turnkey duplex in St. Petersburg has received a strategic price reduction and offers immediate cash flow with both units fully leased and producing stable income. The property features two 1-bedroom, 1-bath units completely renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance and fully stabilized investment. Financials: Adjusted price $339,900. Annual gross income of $36,000 ($3,000 per month) and a Net Operating Income (NOI) of $28,200, resulting in an 8.06% cap rate. The property is located in the desirable 33705 ZIP code, just minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area maintains strong rental demand, consistent occupancy, and long-term appreciation potential. A fully renovated, income-producing asset positioned for solid and reliable returns. Easy to show. Schedule your private tour today!

Listing Status:

Active

Date Added:

September 10, 2025 at 05:00AM

Listing Office:

LPT REALTY, LLC : 877-366-2213

Listing Agent:

Nilka Castro : 813-808-5857

MLS ID:

TB8425755

Interior

• General: Solid Surface Counters
• Appliances: Electric Water HeaterRangeRefrigerator
• Laundry: None
• Flooring: Wood
• A/C: Wall/Window Unit(s)
• Heating: Baseboard

Exterior

• General: BalconyDog RunPrivate Mailbox
• Parking: Curb ParkingDriveway

Construction

• Roofing: Shingle
• General: FrameCrawlspace

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: HARBORDALE SUB N 60FT OF LOTS 151 AND 15231-31-17-36684-000-1510

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple

This listing courtesy of Nilka Castro, LPT REALTY, LLC