2300 5th St S, Saint Petersburg, FL 33705

Under contract-accepting backup offers. Fully Updated Duplex with Strong Cash Flow! ANNUAL GROSS RENT ROLL CURRENTLY: $70,800. This well-maintained duplex features two spacious 4-bedroom / 1-bathroom units offering solid rental demand in a high-occupancy St. Petersburg location. Units are separately metered for electric and water, providing clean expense tracking and operational flexibility for an investor. Major systems have been refreshed for reliable, low-maintenance ownership with the roof, HVAC, and water heaters all updated within the last 4–6 years. Recent cosmetic work includes fresh paint, updated tile, and modern fixtures throughout, delivering clean, move-in-ready appeal. Both units are currently generating strong rental income under flexible month-to-month agreements for a combined annual gross rent roll of $70,800. Situated on a corner lot, the property offers convenient access to downtown St. Pete’s dining, entertainment, beaches, and major employment centers, with proximity to schools, shopping, and public transit supporting broad tenant appeal. Whether you are seeking immediate cash flow, portfolio expansion in Pinellas County, or a property with clear upside through rent optimization and light future improvements, this duplex delivers current income, recent capital updates, and solid fundamentals. Schedule your showing today and secure this income-producing asset in St. Petersburg’s active rental market.