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721 12TH STREET S

House For Sale
$585,000

BTC: 6.86458578

ETH: 234.00000000

3 days
7 bds
3 ba
2,097 sqft

Overview

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!**

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1948
Lot:
0.12 Acres
Heating:
Central
Price/sqft:
$279
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$617,500
$377K – $1.1M
Confidence Low
List vs. estimate
$32K below estimate
List $585,000 · -5.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$278
-15.9% vs. city median $331
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,206
2025
Furnished
Furnished
All facts and features
  • Flooring

    • Carpet

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 7

    • Full bathrooms: 3

  • Property

    • Levels: Two

    • Exterior Features: None

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 253116337860000110

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,207

  • Source details

    • MLS ID: TB8549912

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Block

    • Laundry Features: Other

    • Direction Faces: East

    • Living Area: 2097

    • Water Source: Public

    • Lot Size Dimensions: 50 x 108

    • Subdivision Name: GROVE HEIGHTS ANNEX

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FLORIDA REAL ESTATE ASSOCIATES