Avalon Homes with Fire Pit Exterior features

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$895,000

5 Beds ⋅ 4 Baths ⋅ TB8525945 MLS ⋅ Kenwood Commons BLDG.

Under contract-accepting backup offers. 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).

2510 16th Avenue N, St Petersburg

Avalon Homes with Fire Pit Exterior features

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