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721 12TH STREET S, St Petersburg, 33705

$585,000

7

Beds

3

Baths

2,097 ft2

Property Size

1948

Year Built

About The Property

INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS!
**Opportunity is knocking in St. Petersburg!**
This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades.
**Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed
**Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining
**Unit C:** 2/1 — $2,000/mo — month-to-month
**Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018).
**Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable.
Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities.
With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**

Property Details

Property Id: 2431332
Price: $585,000
Property Size: 2,097 ft2
Property Lot Size: 0 ft2
Rooms: 3
Bedrooms: 7
Bathrooms: 3
BathroomsFull: 3
BuildingAreaTotal: 2097
ConstructionMaterials: Stucco
Cooling: Central Air
DirectionFaces: East
Directions: From I-175 E take the exit toward M L King Jr St S, 8th St S, turn right onto Dr Martin Luther King Jr St S, turn right onto Seventh Ave S, turn left onto 12th St S, turn right, the destination is on your left
ElementarySchool: Lakewood Elementary-PN
Flooring: Carpet, Vinyl
Furnished: Furnished
Heating: Central
HighSchool: Lakewood High-PN
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Other
Levels: Two
ListAOR: Suncoast Tampa
ListAgentFullName: Matt Young
ListOfficeName: FLORIDA REAL ESTATE ASSOCIATES
ListingContractDate: 2026-09-18
ListingId: TB8549912
ListingTerms: Cash, Conventional
LivingAreaSource: Owner
LivingAreaUnits: Square Feet
LotSizeArea: 5293
LotSizeDimensions: 50 x 108
LotSizeSquareFeet: 5293
LotSizeUnits: Square Feet
MLSAreaMajor: 33705 - St Pete
MiddleOrJuniorSchool: Bay Point Middle-PN
MlsStatus: Active
ModificationTimestamp: 2026-09-19T05:00:11.650Z
OnMarketDate: 2026-09-18
OriginalListPrice: 585000
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
PhotosChangeTimestamp: 2026-09-18T17:46:33.187Z
PhotosCount: 20
Roof: Shingle
Sewer: Public Sewer
SpecialListingConditions: None
StateOrProvince: FL
StoriesTotal: 1
StreetName: 12TH
StreetNumber: 721
StreetSuffix: STREET
Utilities: Electricity Connected, Sewer Connected, Water Connected
WaterSource: Public
YearBuilt: 1948

Amenities and Features

Other Features
Ceiling Fan(s)
Has Cooling System
Has Heating System
None
Range
Refrigerator

Map Location

Property Map

Mortgage Calculator

Payment Calculator

$2,999.41
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 2,268.16

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Disclaimer

Property ID - | 2431332

All listings featuring the Stellar MLS logo are provided by My Florida Regional MLS DBA Stellar MLS. This information is not verified for authenticity or accuracy and is not guaranteed. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

©2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved.

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Selinda Moore