724 Jackson StSt. Petersburg, FL 33705

This exceptional St. Petersburg, FL investment property, located at 724 Jackson St N, 33705, offers a unique blend of historic charm and modern updates. The property comprises a meticulously maintained single-family home and a two-story duplex, totaling three units across two buildings on a 0.15-acre lot. Built in 1925 and renovated in 2016, the property boasts 2,683 square feet and features extensively updated units, each equipped with in-unit laundry and reserved parking. The single-family home and duplex are separately metered for utilities (single-family home has all utilities, duplex has electric). The property benefits from a serene landscaped courtyard and is conveniently located seven blocks from Central Avenue, in the heart of Uptown's desirable neighborhood. This Core+ value-add investment opportunity presents a 6.77% cap rate (7.03% pro-forma) and is priced at $899,000. The property is in a non-flood zone, minimizing insurance costs. An adjacent vacant 0.15-acre lot is also available for purchase separately. This is a rare chance to acquire a vintage asset with strong potential for equity building, ideal for owner-occupancy with rental income from the duplex. The property is classified as a Class C multifamily building.