Charming 1925 Bungalow with Detached Apartment: Live In One, Rent the Other, or Invest in Both. Classic character meets smart income potential. This 3-bedroom, 1-bath 1925 bungalow comes with a detached 1-bedroom apartment in the back, giving you the flexibility to live in one and rent the other, house-hack your way to a lower monthly payment, or build a two-unit rental portfolio in a single purchase. The main house has the warmth and craftsmanship that only a 1920s bungalow can offer, with major updates already done for you. Within the past two years, it received a new roof, a new A/C system, a new hot water heater, and several new windows, so you can skip the big-ticket surprises and get right to enjoying it.The detached 1-bedroom unit is equally well prepared, with all-new windows and brand new central heat and air. It's private, efficient, and already has a tenant in place giving you immediate income. Each unit has its own dedicated parking, a rare and valuable perk for a two-unit property. Tenants and owners alike will appreciate the convenience and separation. This property is positioned to meet the coveted 1% rule for investors through the Section 8 program. For Fiscal Year 2026, HUD fair market rents are $2,900 for the front house and $1,950 for the 1-bedroom back unit, with both figures scheduled to increase in Fiscal Year 2027. That's strong, reliable income potential with updated systems that help keep maintenance costs in check.Whether you're an owner-occupant looking for rental income to offset your mortgage, or an investor seeking cash flow with low-maintenance upgrades, this property delivers options that are hard to find. Schedule your private showing today.
Listed By
Agency Name: KELLER WILLIAMS ST PETE REALTY
Agency Contact: murraycoleman@kw.com
Shown By
Agent Name: Emily Lynch
Agent Phone: (813) 810-4465
Agency Title: Florida Executive Realty
Estimated Payment
$ 1,459.21 per month $888.00 Principal & Interest $454.83 Property Tax $116.38 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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4502 9th Avenue S | MLS# TB8544687
This single family home located at 4502 9th Avenue S, Saint Petersburg, FL 33711 is currently listed for sale with an asking price of $399,000. This property was built in 1925 and has 4 bedrooms and 2 full baths with 1448 sq. ft. 9th Avenue S is located in the VINSETTA PARK ANNEX subdivision. Search VINSETTA PARK ANNEX real estate on elynch.floridaexecutiverealty.com today.