Property Description

PRICE IMPROVEMENT! Incredible Investment Opportunity in the Heart of St. Petersburg! This fully upgraded income-producing property offers the perfect blend of modern comfort and unbeatable location. Renovated top-to-bottom in 2022, the main house features 3 spacious bedrooms, 2.5 luxurious baths, and an attached garage—all with a bright, open floor plan. Upgrades include new electrical, new kitchen, new bathrooms, new flooring, new windows, and new appliances. Plus, enjoy peace of mind with a 2021 A/C and 2020 roof—truly nothing has been overlooked! On the same property, you’ll find a second fully updated building offering two separate units. The lower unit includes 1 bedroom and 1 bath, while the upper unit offers 2 bedrooms and 1 bath. Both units have private entrances, individual mailboxes, and share a convenient laundry room. Located just minutes from the St. Pete Pier, vibrant downtown shopping, and top-rated restaurants, this property is ideal for investors or those seeking multi-generational living. With ample parking, no HOA, and no flood zone, this one checks all the boxes! Currently all units are leased, 1/1 and 2/1 are both month to month leases and the 3/2/1 is leased until Jan 31/26.

Features

Heating System:: Central
Cooling System:: Central Air
Exterior Features:: Private Mailbox, Sidewalk
Interior Features:: Ceiling Fans(s), High Ceilings
Laundry Features:: Inside
Sewer:: Public Sewer
Utilities:: Electricity Connected, Sewer Connected, Water Connected

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: St Petersburg
Subdivision:: FOREMANS SUB
Zipcode:: 33705
Street:: MELROSE
Street Number:: 1316
Street Suffix:: AVENUE
Longitude:: W83° 20' 50.4''
Latitude:: N27° 45' 24.7''
Directions:: Travel south on 16th St S, turn left on 13th Ave South, turn right on 13th St S, turn right on Melrose Ave, house is on the left.
Mls Area Major:: 33705 - St Pete
Street Dir Suffix:: S