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 is ready for immediate occupancy and income generation. The property includes two 1-bedroom, 1-bath units fully renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance investment with strong rental potential. Financials based on market rents: adjusted price $339,900, projected annual gross income of $36,000 ($3,000 per month), and a Net Operating Income (NOI) of $28,200, reflecting an estimated 8.06% cap rate. The property is located in the desirable 33705 ZIP code, minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area offers strong rental demand, stable occupancy trends, and long-term appreciation potential. A fully renovated, income-ready 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