Washington Terrace Homes with Attached Property Description

Welcome to Washington Terrace, a charming subdivision nestled in the vibrant city of St. Petersburg, Florida, within the picturesque Pinellas County. This delightful community is known for its welcoming atmosphere, lush landscapes, and an array of amenities that make it an ideal place to call home.

Washington Terrace features a variety of homes that cater to diverse lifestyles and preferences. Each property boasts unique characteristics, from cozy single-family residences to contemporary designs, ensuring that every potential homeowner finds their perfect match. Many of these homes come with attached properties, offering the convenience of additional space for family gatherings, home offices, or even rental opportunities. The thoughtful layouts maximize living space while maintaining a warm and inviting ambiance.

Residents of Washington Terrace enjoy the best of both worlds: a peaceful suburban setting with easy access to the vibrant culture of downtown St. Petersburg. Spend your weekends exploring the nearby waterfront parks, indulging in local cuisine at trendy restaurants, or soaking up the sun on the beautiful Gulf Coast beaches, all just a short drive away.

The community is also known for its excellent schools, making it a popular choice for families. With friendly neighbors and a strong sense of community, Washington Terrace truly embodies the essence of Florida living. Whether you’re a first-time homebuyer or looking to settle down in a serene environment, Washington Terrace offers a wonderful opportunity to create lasting memories in a beautiful setting. Come discover your new home in this enchanting subdivision!

$445,000

4 Beds ⋅ 4 Baths ⋅ Washington Terrace SubDv. ⋅ 33702 Zip Code

Excellent investment opportunity in the heart of St. Petersburg! This well-maintained concrete block duplex features two spacious 2-bedroom, 2-bathroom units with porcelain tile and luxury vinyl flooring throughout. A new A/C unit was recently installed in Unit 2985. Both units offer inside utility rooms with laundry facilities and private yard spaces, providing added comfort and convenience for tenants. One unit is currently occupied by a reliable long-term tenant, providing immediate rental income, while the second unit is vacant and ready for an owner-occupant or investor seeking market-rate rents. Current rental income is below market, with strong upside potential. Estimated market rents are approximately $2,150 per month per unit beginning August 1, 2026. Tenants are responsible for electricity and water, and separately metered utilities help keep operating expenses low and management simple. Built in 1984, the property features durable concrete block construction and ample on-site parking. Ideally situated between I-275 and US-19, this property offers convenient access to St. Petersburg, Tampa, and Clearwater. Located in a non-flood zone, no flood insurance is currently required, providing additional long-term value and peace of mind. Enjoy a central location just minutes from Sawgrass Lake Park, Crescent Lake Park, and vibrant downtown St. Petersburg, featuring the St. Pete Pier, waterfront dining, museums, entertainment, and shopping. The Gulf beaches, St. Pete-Clearwater International Airport, and Tampa International Airport are all within easy reach. This is a rare opportunity to own a versatile income-producing property in a high-demand rental market with excellent long-term growth potential. PLEASE DO NOT DISTURB TENANTS. Unit 2983 is tenant occupied and may not be shown. Showings are limited to the vacant Unit 2985 by appointment only.

2983 62nd Avenue N, St Petersburg

Washington Terrace Homes with Attached Property Description

Newest Washington Terrace Homes with Attached Property Description