1423 Dr Martin Luther King Jr Street N , #2

Description

Welcome to 1423 Dr Martin Luther King Jr Street North, a stunning multi-family property located in Crescent Lake, one of the most sought after locations in St Petersburg. This charming duplex features two spacious 2-bedroom, 1-bathroom units and a detached 3-car garage, making it the perfect investment opportunity for any discerning buyer. Live in one unit while renting out the other or rent both units! The current owners resided in the bottom unit while renting out the top unit for $3,250/month. This property is zoned for 2-4 units, so when thinking from a long term perspective, there is opportunity to turn the (3) car garage into additional units. Built in 1928, this historic property has been meticulously restored in 2022 with no expense spared. The upgrades are extensive, including a new roof, HVAC systems, gas hot water heaters, brand new electrical panel with updated electrical throughout and plumbing upgrades. The kitchen remodels in both units are truly breathtaking serving as modern, functional spaces. New cabinetry provides ample storage space for all your kitchen essentials as well as brand new appliances that include a natural gas cooktop, a highly sought after feature for any home chef. The deep farmhouse sinks, high quality quartz countertops, trendy open shelving and updated backsplash are features that will be appreciated. Both bathrooms are spacious and have been updated with new vanities and fresh paint while carefully preserving the original tile and refinishing the original cast iron tubs to showcase the property's rich history and character. From the moment you arrive, the curb appeal of this property is undeniable. The exterior has been freshly painted, and the extensive landscaping, featuring palm trees, shellstone, mulch, new pavers, and an iron rod front fence, adds a touch of elegance and sophistication to the property. Inside, the units are light and bright, with large windows that allow natural light to pour through. The original hardwood floors have been beautifully restored, adding to the property's charm and character. High ceilings and an open floor plan allows for seamless flow from one room to the next, with large living spaces at the front of the home, followed by the bedrooms and bathroom in the middle, and the kitchen/dining area at the back of the home. You will find a brand new shared washer and dryer located in a covered space attached to the 3 car garage. The property also features an expansive backyard that is perfect for entertaining. With multiple seating areas and pavered spaces, there's plenty of room for everyone to gather and enjoy. Finally, both units boast large front porches, providing the perfect spot to sit and relax while enjoying your morning cup of joe or evening cocktail. Overall, this is a unique and rare find that offers a fantastic investment opportunity. Don't miss your chance to make this stunning duplex your own!