5150 2nd Ave S Saint Petersburg, FL 33707

Brand New Roof just put on! Live Smart in Central St. Pete – Updated Bungalow + Income-Producing Above-Garage Apartment (each with their own electricity meters)! Rare opportunity to own a fully updated duplex-style property in one of St. Pete’s desirable neighborhoods—just minutes from the beaches, downtown, and shopping! Both buildings are solid concrete block construction! The front home is a spacious 2 bed, 1 bath bungalow with 1,330 sq ft, featuring interior washer/dryer room, luxury vinyl plank flooring, butcher block countertops, wood cabinetry, an updated bathroom, and fresh interior/exterior paint. Major systems are in great shape with a BRAND NEW ROOF and 2019 AC—this home is truly turnkey and features hurricane impact windows throughout! Behind the main house and through the separating wood fence you'll find a beautifully remodeled 2 bed, 1 bath garage apartment (above a spacious 2-car garage with new garage doors) featuring 716 square feet of air-conditioned living space —ideal for rental income, guests, or extended family. It includes new interior/exterior paint, luxury vinyl plank flooring, a 2022 roof, and updated kitchen and bath. This unit also has its own washer/dryer hook-up. Here’s the game-changer: the rear unit currently rents for $1,900/month, generating income that can cover property taxes, insurance, and significantly offset your mortgage. Enjoy the benefits of homeownership while substantially reducing your cost of living—an excellent option for first-time buyers, house hackers, or anyone who wants to reduce their cost of living. Whether you’re looking to live in one unit and rent the other, or lease both for strong cash flow, this property checks all the boxes.